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Oil surge pushes government bond yields higher despite RBI ₹1 trillion liquidity move
Government bond yields rose on Monday as a sharp surge in global crude oil prices stoked fears of higher inflation and delayed monetary easing, offsetting the Reserve Bank of India’s (RBI) move to inject ₹1 trillion of liquidity through open market operations. The yield on the 10-year benchmark government bond rose 8 basis points to 6.76%. It had closed at 6.68% on Friday. [...]