India’s 10-year bond crop hit a fresh 22-month
high on Friday on assumption that boom may hasten further due to the expected hike
in minimal support prices for farmers and spur Reserve Bank of India (RBI) to finance
a hawkish stance. The rupee flatten against the US dollar.
The upward revision of the budgetary deficit
target for the Economic year 2019, higher financing programmed and surge in US
yield also dampened sentiments.
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