India Bonds Fall Ahead of Expected RBI Rate Hike
Indian government bonds declined as traders anticipated a hawkish move by the Reserve Bank of India (RBI). The yield on the 6.94% 2036 benchmark bond rose to 7.2213%. Analysts predict a 25 basis point increase in the RBI's key policy rate. Investors are closely watching for further liquidity measures, with future decisions hinging on inflation and growth forecasts.
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