Traders See No Relief for Indian Bonds as Inflation Woes Mount
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Sovereign bond traders’ worries about inflation are intensifying.
India’s consumer-price index accelerated at the fastest pace in seven months, data released Monday evening showed. The pace may quicken due to a bounce back in global energy prices, denying the inflation-targeting central bank space to lower interest rates next month at a time when economic growth is stuck at a three-year low.