India bonds dip as RBI's diaspora swap move dents sentiment
MUMBAI: Demand for Indian government bonds weakened early on Monday after the Reserve Bank of India unexpectedly closed its concessional swap window for foreign-currency deposits ahead of schedule, cutting a key source of demand for bond purchases. The yield on the benchmark 6.94% 2036 bond jumped 3.5 basis points to 6.7909% by 10:45 a.m. IST. Bond yields move inversely to prices. Still, traders…
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- India bonds dip as RBI's diaspora swap move dents sentiment thehindubusinessline.com
