WSJ: India Bonds Up Ahead Of RBI Policy; Rupee Down On Weak Euro
MUMBAI (Dow Jones)--Indian government bonds ended higher Monday on the growing view that the central bank may be near the end of its monetary tightening cycle as global commodity prices, particularly that of crude oil, show signs of easing.
The benchmark 7.80% 2021 bond finished at INR96.74, compared with INR96.60 at Friday's close.
While bonds are pricing in a 25-basis-point policy rate hike at the Reserve Bank of India's policy review meeting Tuesday, many economists are beginning to flag the possibility that the central ...
