India bonds, rupee, stocks extend losses after RBI hikes repo rate

MUMBAI: Indian federal bonds, rupee and stocks extended losses on Friday after the central bank unexpectedly raised the key policy rate by 25 basis points to 7.50 percent.

The 10-year bond yield rose 18 basis points to 8.36 percent from levels before the decision.

The rupee extended losses, falling as much as 62.10/15 to a dollar from 61.93/61.99 previously.

India's NSE share index also lost further ground and was down 2.6 percent at 0545 GMT.

For more on the central bank decision, see