Bloomberg News

India Bonds Fall as Rangarajan Says Inflation Rate Unacceptable

October 20, 2011

Oct. 20 (Bloomberg) -- India’s 10-year bonds fell after Chakravarthy Rangarajan, the prime minister’s chief economic adviser, said inflation was higher than acceptable.

The yield on the 7.80 percent note due April 2021 rose to 8.79 percent as of 12:28 p.m. in Mumbai, according to the central bank’s trading system, from 8.76 percent before the comments were made. The rate was at 8.78 percent yesterday.

To contact the reporter on this story: Jeanette Rodrigues in Mumbai at jrodrigues26@bloomberg.net

To contact the editor responsible for this story: V Ramakrishnan at rvenkatarama@bloomberg.net


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