India Bond Rally: Rate Cut Bets Fuel Gains

  Published 10 months ago

Indian government bond prices rebounded Monday despite a smaller, than, expected central bank surplus transfer. Expectations of further monetary easing by the RBI, including a potential rate cut on June 6th, drove demand and lowered yields. Economic growth data is due Friday.

  • 10-year bond yield ended at 6.2046%.
  • RBI surplus transfer: ₹2.69 trillion.
  • Rate cut expected June 6th, to 5.25%.

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