4 min read.Updated: 22 May 2013, 08:30 PM ISTRenu Kohli
The message from the bond market seems clear: RBI needs to change its hawkish position
Around a fortnight after the Reserve Bank of India (RBI) announced a distinctly hawkish inflation guidance in its annual monetary policy on 3 May, yields on 10-year government bonds or those of lesser duration tumbled below the central bank’s policy rate of 7.25.
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