 "rbi governor, shaktikanta das")
Bonds rallied on Thursday after the Reserve Bank of India (RBI) governor indicated that its accommodative policies would continue for long, especially as the central bank saw inflation as a “temporary hump” and growth fragile.
“Any hasty withdrawal of monetary policy support will negate the nascent or incipient recovery that is taking place,” RBI Governor Shaktikanta Das told Business Standard in an interview.
The local bond yields were falling as the US yields contracted sharply in the last few trading sessions. The fall in crude oil prices also helped ease the sentiment, but the governor’s statement took out all the uncertainties about
