(Bloomberg) -- India's bonds fell, paring earlier gains, on concern the central bank will increase debt sales to drain excess cash from the financial system to curb inflation.
Ten-year yields rose on concern the Reserve Bank of India will announce today a debt sale or other measures to absorb money from banks. Finance Minister Palaniappan Chidambaram told the parliament yesterday that the government and central bank may take more fiscal and monetary steps to curb inflation.
Read more at Bloomberg Bonds News
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