Centre to continue with borrowing plan despite hardening in bond yields

The yield on the 10-year benchmark government security had risen from an average of 6.83% in March to touch 7.25% earlier this month, reacting to the 17-month-high 6.95% retail inflation in India in March, the Russia-Ukraine conflict, concerns over runaway crude prices, and the rise in interest rates in the US. Yields have cooled to around 7.1% now.