Indian Bonds Gain After RBI Chief Says Room Exists for Rate Cut

Indian bonds extended gains after the Reserve Bank of India Governor Sanjay Malhotra said the latest data suggests there’s scope for an interest-rate cut.

By Subhadip Sircar, Bhaskar Dutta · Bloomberg Markets

Indian bonds extended gains after the Reserve Bank of India Governor Sanjay Malhotra said the latest data suggests there’s scope for an interest-rate cut.