India bonds rally on 'dovish' RBI hold, lower oil prices
· economictimes.indiatimes.com
Indian government bonds surged on Wednesday, with yields falling below important levels. The Reserve Bank of India decided to keep the repo rate steady, in line with anticipated market outcomes. A drop in oil prices helped ease inflation fears, supporting the economy. This favorable policy not only uplifted bond markets but also stimulated capital inflows, resulting in reduced overnight index swap rates.
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