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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


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...