Reported about 6 hours ago
Investors are betting on a rally in Indian bonds as the Reserve Bank of India (RBI) is expected to cut interest rates further this year to boost economic growth. Predictions suggest that the benchmark 10-year yield could drop to 6.4% by June, driven by RBI's recent easing measures and rising demand in the bond market. This could lower borrowing costs for the government and aid infrastructure funding, even as India's economic growth slows to a four-year low. The upcoming inflation data also supports the case for further rate cuts.
Source: YAHOO