Foreigners buy $1 bn in bonds, betting on policy easing after GDP data

Quick Summary:

India's potential GDP growth is in range of 6.

The Reserve Bank of India's (RBI) policy decision is due on Friday.

Most market participants expect the RBI to ease monetary conditions by lowering banks' cash reserve ratio (CRR) from 4.5 per cent currently, with only a few seeing an outright interest rate cut.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Indian GDP Indian bonds Bonds Indian GDP data GDP Bond market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 13:46:13 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24135267

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Official Website: business-standard.com

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