India bonds tumble as RBI minutes push bets on rate cut
By Subhadip Sircar
Sovereign bonds in India fell after minutes from the central bank’s interest rate setting panel meeting showed its members had become more belligerent on inflation, pushing back bets on further cuts rate.
The yield on the new 5.77% 2030 bond rose five basis points to 6%, after gaining 18 basis points in the previous two weeks. Traders are watching demand at a Rs300 billion…