Wow, India approached the level of the inflation rate of 8%!

MUMBAI. India's inflation rate soared today. Data released by the Government of India showed that the consumer price index jumped 7.81% last month from a year earlier. This figure is higher than analyst predictions that pegged the inflation rate of 7.7%.


Skyrocketing inflation causes the real yield on 10-year India fell 103 basis points from its highest position this year at the level of 36 basis points, which was created in August.

In fact, the level of bond yields India has become the lowest among the other major emerging markets. For comparison, the yield on the same duration in Brazil was at 425 basis points, 158 basis points in China, and Russia was at 137 basis points.

"Inflation is now a scourge and no one has predicted the decline in inflation in the short term. In the short term, bond prices will teroangkas and investors who have invested will get a bit of a blow," said Killol Pandya, head of fixed income at Daiwa Asset investment Management Co. in an interview last October 11.
source: kontan.co.id

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