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Indian bonds gain on RBI's more balanced tone on inflation, liquidity

Reuters  |  MUMBAI 

By Suvashree ChoudhuryMUMBAI (Reuters) - India's benchmark 10-year bonds gained on Wednesday after the central bank stuck to a more balanced tone on inflation and market liquidity, in a relief to investors who had braced for more hawkish comments.The Reserve Bank of India kept its policy rate steady at 6.00 percent as widely expected, but slightly softened its language on inflation by saying risks were "evenly balanced."Bond investors were further relieved after RBI Deputy Governor Viral Acharya said he expected "slightly surplus" liquidity by March, reducing some of their concerns that the ...

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First Published: Wed, December 06 2017. 18:29 IST