Traders Brace for Prolonged India Bond Slump as RBI Mops Up Cash

A sense of unease is gripping India’s bond traders as they fear the central bank’s push to drain excess cash from the financial system, just as inflation picks up and...

By Subhadip Sircar and Bhaskar Dutta · Bloomberg Markets

A sense of unease is gripping India’s bond traders as they fear the central bank’s push to drain excess cash from the financial system, just as inflation picks up and a global debt selloff intensifies, will spark an extended slump.