Amid a global surge in inflation and rising crude oil prices, markets expect central banks to hike interest rates sooner than expected
Federal Reserve officials have advised that any pickup in inflation this year was bound to be transitory. Traders in financial markets, however, aren't so sure.
The wholesale price index based (WPI) inflation was in the negative territory for four straight months
The yield on the new 5.77% 2030 bond rose five basis points to 6%, after gaining 18 basis points in the previous two weeks
The RBI's six-member monetary policy committee voted 5-1 to keep the repo rate unchanged