Economic data: Investors will be weighing two key economic data this week after the RBI indicated that it wanted to see how earlier rate cuts are working as some economic activity resumes. — Reuters
MUMBAI: The Reserve Bank of India’s (RBI) monetary policy review has come and gone but it’s done little to calm traders’ nerves over an unprecedented government bond supply.
Their patience is running thin as the RBI refrained from taking steps to ease the market’s debt burden at a policy review last week, even as the government plans to sell 12 trillion rupees (US$160bil) of bonds this fiscal year.
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