10-Year Yield Spikes Post Inflation Data, Rupee Hits One-Month Low

India's benchmark 10-year bond yield closed at its highest level in more than six weeks while the rupee closed at a one-month low on the back of a much larger-than-expected surge in retail inflation in May. The benchmark 10-year bond yield ended at 6.04 per cent, after touching 6.05 per cent, its highest since April 30 and up 4 basis points on the day. India's annual retail inflation rate rose 6.30 per cent year-on-year in May, fro...