Bonds prices fall, rupee weakens as inflation rises to 7.55%
The bond prices and Indian stocks fell following inflation rise to 7.55 percent. The BSE sensex fell 0.2 percent following these numbers.
India's bond prices and stocks fell, while the rupee weakened on Thursday after May headline inflation rose 7.55 percent from a year earlier, dashing hopes the wholesale price index would fall below the 7 percent level.
The benchmark 10-year bond yield rose 3 basis points to 8.28 percent from levels before the data, while the main BSE index erased earlier gains to fall 0.2 percent.
India's wholesale price index rose 7.55 percent in May from a year earlier. Reuters
The rupee weakened to 55.75/76 against the dollar from around 55.70 before the inflation data.
India's wholesale price index (WPI) rose 7.55 percent in May from a year earlier, compared to expectations for an annual rise of 7.60 percent.
Reuters
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