Reported 2 days ago
Indian bond and stock markets surged after the Reserve Bank of India announced an $18 billion cash infusion to alleviate a significant liquidity crunch. This move is expected to pave the way for potential interest rate cuts, with major banks adjusting their forecasts for the upcoming policy meeting. As a result, bond yields fell to a three-year low and banking sector stocks gained, signaling positive market sentiment amidst an anticipated slow economic growth.
Source: YAHOO