BusinessPhoto: TradingViewRBI Minutes Suggest More Rate Hikes, Govt Bond Selloff to Continue
Indian government bonds are expected to weaken further following the release of the Reserve Bank of India's monetary policy minutes. The minutes revealed that the rate-setting panel members indicated the possibility of additional rate hikes to control inflation. This has led to expectations of continued selling pressure on benchmark bonds like the 6.94% 2036 bond.
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