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RBI rate cuts lose sway as India bond traders scan rain clouds

Tuesday, June 2, 2015 - 05:50

Mumbai

RESERVE Bank of India (RBI) governor Raghuram Rajan looks set to cut interest rates for a third time this year and few in the bond market will celebrate.

The yield on the 10-year sovereign notes due 2024 has climbed four basis points from Jan 14, a day before Mr Rajan first

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