MUMBAI (Reuters) - Indian benchmark bond yield rose to a more than one-week high on Friday after data showed consumer price inflation accelerated in April, raising expectations the Reserve Bank of India (RBI)would hold off on cutting rates at its policy review next month.
The benchmark 10-year bond yield was at 7.45 percent at 0342 GMT, the highest since May 5. It closed at 7.42 percent on Thursday.
Annualised consumer price inflation accelerated to a stronger-than-expected 5.39 percent in April from 4.83 percent in March.
(Reporting by Neha Dasgupta; Editing by Anupama Dwivedi)
