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Indian bond yields rise as foreign investors trim debt exposure
Indian bond yields hit 6.
India’s fixed income market moved higher despite the RBI’s accommodative signals. The 10 year government bond yield climbed to 6.85 percent on December 12 as foreign investors sold about $2.5 billion worth of debt.The move to fiscal deficit concerns and liquidity tightening expectations rather than policy rates. The rupee weakened to 84.8 per dollar, reflecting pressure from sustained capital outflows.