Indian bonds rise as expectations of a record RBI surplus transfer ease rate-hike fears amid economic pressures.
Indian government bonds
rallied in early trade on Friday, as expectations of a record
central bank surplus transfer overshadowed rate-hike concerns.The Reserve Bank of India's surplus transfer, expected to be
announced after market hours, is pegged at ₹2,90,000 crore to ₹3,20,000 crore($33.29 billion), according to a Reuters
poll.A hefty dividend would help government finances at a time
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The Reserve Bank of India (RBI) board is set to meet on May 22 to consider a potentially record surplus transfer to the…
India's central bank plans to transfer nearly 3 trillion rupees to the government, bolstering finances amid rising energy prices.
