(Bloomberg) -- India's government bonds rose, pushing 10-year yields down to the lowest this month, after the central bank refrained from raising its key interest rate.
Bonds rallied after Reserve Bank of India Governor Yaga Venugopal Reddy left the overnight lending rate, known as the repurchase rate, at 7.75 percent, judging five increases in the past year will be enough to curb inflation. Fourteen of 20 analysts surveyed by Bloomberg News predicted the central bank would leave borrowing costs on hold.
Read more at Bloomberg Bonds News
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