Mumbai, July 31 -- Domestic bond yields continued to stay near three-month high. The 6.79% GS 2034 bond yields are at 6.37%. WTI Crude oil futures hit a five-week high around $70 per barrel, keeping local yields elevated. Meanwhile, the International Monetary Fund (IMF) has upgraded India's economic growth estimate to 6.4% in both 2025-26 and 2026-27 as compared to what it had predicted in April. The growth upgrade, of 0.2 percentage points and 0.1 percentage points, respectively, is in line with the upgrades for global growth. However, there is some nervousness after U.S. President Donald Trump announced a 25% tariff on Indian goods, effective August 1, along with an additional, unspecified penalty for India's purchase of items from Russ...
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