Falling 10 year GSECs driving rate cut expectations
After today's weak GDP print the Indian 10 year GSEC yields fell sharply in anticipation of rate cuts from the RBI, and this saw the rupee weaken as well in after trade. Does this mean that the RBI is going to cut interest rates at the up coming rate setting meeting? It is a tight rope walk but who knows they went neutral last time and might as well toe the line.
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