India bond yields seen up as 10-year U.S. yield tops 3%
Updated: 23 Aug 2022, 08:20 AM IST
TL;DR.The benchmark 10-year government bond yield is likely to hover in a 7.25%-7.30% band, a trader with a private bank said. The yield has risen 9 basis points in last three sessions and ended at 7.2702% on Monday.
On Wednesday, the Reserve Bank of India (RBI) announced it had cancelled the banking licence of the beleaguered Pune-based Rupee Cooperative Bank, and directed the Registrar of Cooperative Societies to liquidate the bank (HT FILE PHOTO)