Indian government bonds enjoyed a remarkable climb on Wednesday, highlighted by the 10-year yield experiencing its most significant drop in a month. Fueling this surge was a recent comment from Reserve Bank of India Governor Sanjay Malhotra, who mentioned that contemplating interest rate hikes is premature. Additionally, decreasing oil prices contributed to positive market sentiment, driving yields down to three-month lows.
Indian government bonds enjoyed a significant climb on Wednesday, with the 10-year yield experiencing its largest drop in a month. This surge was primarily driven by Reserve Bank of India Governor Sanjay Malhotra's dovish comments, stating that contemplating interest rate hikes…
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