Analysts warn that India's short-bond rally may stall as the RBI plans to drain excess cash from the financial system.

BofA Securities and Bandhan AMC Ltd. expect the Reserve Bank of India to step up short-term cash withdrawal operations in coming months as surplus banking liquidity is seen…

Analysts warn that India's short-bond rally may stall as the RBI plans to drain excess cash from the financial system.

Concerns about whether the bond rally can continue come at a time when the RBI, unlike its regional peers, has kept interest rates unchanged and used other steps to support the…