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Indian bonds rally on hopes government will bolster markets

Reuters  |  MUMBAI 

By Suvashree ChoudhuryMUMBAI (Reuters) - Indian bonds rallied on Friday on optimism that the government will soon take steps to ease a jump in bond yields after word spread that the interim finance minister had met a handful of bankers and analysts to seek feedback on the economy.In the meeting held late on Thursday, Piyush Goyal allayed concerns around India's fiscal deficit and rising inflation, and sought feedback on massive losses in banks' bond holdings, two participants who attended the meeting told Reuters.Goyal wanted to know ways in which the government could help banks reduce the ...

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First Published: Fri, June 08 2018. 15:11 IST