Mumbai, Aug. 7 -- Indian G-sec yields are edging higher after a sharp bounce in last session as the Reserve Bank of India kept policy repo rate on hold and highlighted a pick-up in core inflation. The 6.79% 10-year yield added around 9 basis points to break well above 6.40% mark and currently hovers at 6.48%, nearing four-month high. A spike in the US yields is also pushing up the yields. Meanwhile, trade concerns are mounting after United States President Donald Trump announced an additional 25% tariff on Indian goods on August 6. This effectively doubles the total import duties to 50%. Local bond markets will also be eying movement in WTI Crude oil which is up impressively today after hitting two-month low in last session.

Published by...