Dovish RBI boosts demand for Indian assets
Central bank's lowering of inflation forecast is seen as a precursor to an interest rate cut which is drawing funds into the country's stocks and bonds
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Mumbai
A DOVISH central bank is one more reason for global investors to buy India.
Demand for local assets is rising after the Reserve Bank of India (RBI) last week lowered its inflation forecasts for the year ahead. With data on Monday showing that gains in consumer prices slowed to a record in May, the RBI's move is viewed as a precursor to an interest rate cut, which Deutsche Bank AG and Morgan Stanley Investment Management said could draw even more funds to the nation's stocks and bonds.
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