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Reserve Bank of India may not follow the US Federal Reserves with rate cut

Reserve Bank of India may not follow the US Federal Reserves with rate cut

Thursday, March 5, 2020, 5:15 PM

Indian debt markets have priced in a 25 basis points rate cut by the Reserve Bank of India (RBI) at its April policy meeting or even sooner, but some economists remain circumspect and warn the rally in bond yields could prove premature. The RBI eased rates by 135 basis points in 2019 before abruptly deciding to hold rates in December.
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