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India bonds edge higher as RBI tames dollar bulls a day after giving them free rein
Summary by The Economic Times
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India bonds edge higher as RBI tames dollar bulls a day after giving them free rein
Indian government bonds saw a slight recovery on Monday. This followed a sharp reversal in the local currency, the Rupee, which had hit a record low. The Reserve Bank of India likely intervened to support the Rupee. Bond yields are closely watching the RBI's strategy on liquidity and yields. Economic growth data for the July-September quarter is also anticipated.
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