(Bloomberg) -- India's benchmark 10-year bonds rose to the highest in a month after the central bank yesterday refrained from raising interest rates.
The Reserve Bank of India yesterday kept its overnight lending rate, or the repurchase rate, at a five-year high of 7.75 percent. The bank also lowered its medium-term inflation goal to between 4 percent and 4.5 percent from 5 percent. Inflation reduces the value of returns on fixed-income securities.
Read more at Bloomberg Bonds News
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