(Bloomberg) -- India's bonds rose, pushing yields to
the lowest in more than a month, after the central bank
refrained from selling debt for a second week to drain funds
from the banking system.
The Reserve Bank of India probably held back from absorbing
cash after annual inflation slowed to an eight-month low, said
K.P. Suresh Prabhu, head of fixed-income at HDFC Bank Ltd.
Inflation, which reduces the value of returns on fixed-income
securities, had reached a two-year high in the week to Jan. 27,
fuelled by surplus funds in the system.
Read more at Bloomberg Bonds News
the lowest in more than a month, after the central bank
refrained from selling debt for a second week to drain funds
from the banking system.
The Reserve Bank of India probably held back from absorbing
cash after annual inflation slowed to an eight-month low, said
K.P. Suresh Prabhu, head of fixed-income at HDFC Bank Ltd.
Inflation, which reduces the value of returns on fixed-income
securities, had reached a two-year high in the week to Jan. 27,
fuelled by surplus funds in the system.
Read more at Bloomberg Bonds News
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