Economic TimesLean R·
India bonds calm as oil dip counters US selloff, RBI sales
Indian government bonds held their ground on Monday, buoyed by a decline in oil prices that helped mitigate domestic supply issues arising from the RBI's bond sales. The Reserve Bank of India is actively draining liquidity through open market operations. As global central banks indicate further tightening to tackle inflation, traders are forecasting a possible repo rate increase from the RBI in October.
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