Indian bond yields have recently fallen to their lowest levels since 2013, in large part due to anticipation that the successor to Governor Raghuram Rajan at the RBI will be more dovish. But with the RBI facing a tough challenge in meeting its inflation targets, we still see little scope for further monetary easing. As such, we doubt that bond yileds will fall much further from here.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.