MUMBAI, March 24 (Reuters) - Indian federal bond yields are
expected to rise on Monday after an unexpected jump in inflation
close to 6 percent in early March was seen erasing hopes of a
near-tearm easing of monetary policy to support slowing growth.
* The wholesale price index <INWPI=ECI>, published on
Thursday when the market was shut, rose 5.92 percent in the 12
months to March 8, higher than the previous week's 5.11 percent
and way above a market forecast of 5.21 percent.
* The 10-year federal bond yield <IN079917G=CC> ended at
7.63 percent on Wednesday, its highest close since Feb. 22 and
compared with 7.59 percent on Tuesday. The market was shut on
Thursday and Friday for local holidays.
($1=40.4 Indian rupees)
(Reporting by V. Ramakrishnan; Editing by John Mair)
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Keywords: MARKETS INDIA MONEY/