Doves Ascendant in India on Brexit After Hounding Rajan on Rates

  • One-year interest-rate swaps fell to lowest since 2010 Tuesday
  • RBI ‘likely to turn more dovish’ in coming months: Nomura

The debate over India’s room to cut interest rates, which saw the central bank governor pilloried by populist politicians, is swinging in favor of the doves after Britain’s vote to exit the European Union.

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