India's 10-year bond falls for 10th week in record slump

India's benchmark 10-year government bond yield rose to 7.4740% on Friday, up 9 basis points for the week after increasing 62 basis points over the previous nine weeks, the steepest cumulative rise since 1998. The RBI repo rate is 5.5% under a calibrated tightening stance, while Brent crude near $115 a barrel and India's dependence on imports for about 90% of oil requirements may widen the import bill and pressure inflation, the currency and public finances.