Indian Bonds Complete Best Month Since June After RBI Rate Cut
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India’s benchmark bonds completed their best month since June after the central bank cut interest rates for the first time since April.
The Reserve Bank of India reduced its repurchase rate by 25 basis points to 7.75 percent on Jan. 29 and predicted the economy will expand 5.5 percent in the year ending March 31, the least since 2003. Governor Duvvuri Subbarao also cut the amount of deposits lenders must set aside as reserves to 4 percent from