Rajan Leaving on a Bond High With Best Rally Since Start of 2015

  • Ten-year yield slides in August for a third straight month
  • RBI’s debt purchases have helped boost notes: FirstRand

Raghuram Rajan.

Photographer: Simon Dawson/Bloomberg

India’s 10-year bonds completed their biggest three-month rally since early 2015 as investors prepare for a change in leadership at the nation’s central bank.

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