New Central Banker Spurs First India Bond Decline in Three Weeks

Updated on
  • Rate cut hopes diminished after Patel’s appointment: Edelweiss
  • Rupee ends week little changed after two weeks of decline

India’s 10-year sovereign notes completed their first weekly drop in three weeks as Urjit Patel’s appointment as the next central bank chief dashed speculation that monetary policy will be eased aggressively.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.