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Read More »RBI signal on higher money-market rates worries bond traders
Bloomberg Bond traders in India are bracing for more turmoil as the central bank signals its intention to keep lifting money-market rates. The Reserve Bank of India (RBI) offered a cutoff yield of 3.55% for a cash-draining operation, higher than traders had expected and a full 20 basis points above the lower boundary of its interest-rate corridor. “Future operations may …
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