India Bonds Seen Extending Selloff After RBI Minutes Signal Possible Rate Hikes
Minutes from the latest monetary policy meeting indicated further rate hikes may be needed to curb inflation. Government bonds were expected to weaken further in early deals Thursday.
By Dharamraj DhutiaIndian government bonds are likely to weaken further in early deals on Thursday, after minutes of the latest monetary policy meeting showed that members of the rate-setting panel indicated further rate hikes may be needed to curb inflation.The benchmark 6.94% 2036 bond (IN069436G…