The benchmark Sensex index fell 0.88% or 309.59 points to 34,757.16 points on Monday. Photo: PTIMumbai: Government bond yield rose further on Monday, tracking US bond yields that surged after strong job data increased prospects of a rate hike by the US Federal Reserve next month. Yield on India’s benchmark 10-year government bond ended at 7.605% from its previous close of 7.562%. Traders will also keep an eye on the Reserve Bank of India’s (RBI) interest rate decision on 7 February. The benchmark Sensex index fell 0.88% or 309.59 points to 34,757.16 points on Monday.

Source: Mint February 05, 2018 15:33 UTC