New Central Banker Spurs First India Bond Decline in Three Weeks

By
Kartik Goyal
  • 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.

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