Bond Rally Pauses on India Inflation as Rajan Successor Awaited

  • July consumer prices surged above central bank’s target range
  • Inflation may remain high in the near term: Edelweiss

Rajan's Departure a Huge Loss for India, Says Bell

The rally in Indian sovereign bonds hit a wall this week as surging inflation weakened the outlook for interest-rate cuts, while investors awaited the naming of a new central bank chief.

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