![]() Such content is therefore provided as no more than general information. Such access and use are always subject to: (i) Terms and Conditions (ii) Risk Warnings and (iii) Full Disclaimer. Reporting by Dharamraj Dhutia Editing by Dhanya Ann ThoppilÄisclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Roughly two-thirds of the respondents, 34 of 55, expected the central bank to raise rates to a seven-year high of 6.75% in April. The RBI will increase its main interest rate by 25 bps to 6.75% in April and then pause until the end of 2023, according to a Reuters poll of economists, which also flagged risks of the terminal rate going even higher. Still, major focus will remain on the minutes of the RBI's Monetary Policy Committee, which had raised the repo rate for the sixth consecutive time earlier this month, taking it to 6.50%, and kept the door open for more tightening. The Fed has raised the policy rate by 450 basis points (bps) since March and is expected to raise it by at least another 50 bps, with many pricing in a 75 bps hike. The yield hit 3.97% earlier in the day, which is its highest level in over three months, as bullish data and hawkish comments from Federal Reserve officials raised bets of higher rates for longer in the battle against inflation. Treasury prices slumped, with the 10-year yield hovering at the 4.00% handle as strong economic data led investors to price in higher interest rates. "We are at very critical levels for the benchmark, and further upside break could bring in the possibility of 7.50% on the cards," a trader with a state-run bank said. The yield hit 7.4085% earlier in the day, its highest since Nov. IST, after closing at 7.3883% on Tuesday. Market participants now await the minutes of the Reserve Bank of India's (RBI) latest monetary policy meeting, due later in the day. ![]() MUMBAI, Feb 22 (Reuters) -Indian government bond yields continued to trend higher on Wednesday, with the benchmark yield at over a three-month high, tracking its U.S. INDIA BONDS-Bond yields jump, benchmark at over 3-month high tracking U.S. ![]()
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