(Bloomberg) -- India's 10-year bonds fell, ending
three days of gains, after Finance Minister Palaniappan
Chidambaram said the nation will keep a ``fairly tight''
monetary policy to curb inflation.
Yields rose from the lowest in five months on speculation
the central bank will raise interest rates or drain spare cash
from the banking system to slow price gains. Bonds also dropped
on concern a rally in crude oil prices will stoke inflation in
India, which imports three-fourths of its energy requirements.
Read more at Bloomberg Bonds News
three days of gains, after Finance Minister Palaniappan
Chidambaram said the nation will keep a ``fairly tight''
monetary policy to curb inflation.
Yields rose from the lowest in five months on speculation
the central bank will raise interest rates or drain spare cash
from the banking system to slow price gains. Bonds also dropped
on concern a rally in crude oil prices will stoke inflation in
India, which imports three-fourths of its energy requirements.
Read more at Bloomberg Bonds News
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