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10-year bond yields spike 7.25% as 7.44% inflation blocks way to cut policy rates

India#39;s headline retail inflation rate crashed past the upper bound of the Reserve Bank of India#39;s (RBI) 2-6 percent tolerance range in July and shot up to a 15-month high of 7.44 percent, spurred on by a massive increase in vegetable prices, data released by the Ministry of Statistics and Programme Implementation on August 14 showed.

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​ India#39;s headline retail inflation rate crashed past the upper bound of the Reserve Bank of India#39;s (RBI) 2-6 percent tolerance range in July and shot up to a 15-month high of 7.44 percent, spurred on by a massive increase in vegetable prices, data released by the Ministry of Statistics and Programme Implementation on August 14 showed. India#39;s headline retail inflation rate crashed past the upper bound of the Reserve Bank of India#39;s (RBI) 2-6 percent tolerance range in July and shot up to a 15-month high of 7.44 percent, spurred on by a massive increase in vegetable prices, data released by the Ministry of Statistics and Programme Implementation on August 14 showed.  Moneycontrol Latest News Read More  

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