(Bloomberg) -- The Reserve Bank of India’s surprise rate pause on Thursday is bad news for the nation’s companies, which are struggling with a prolonged cash squeeze.
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Yields on top-rated five-year rupee corporate bonds jumped a combined 25 basis points on Thursday and Friday, the biggest two-day gain in 10 months.
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Uncertainty about the central bank’s future policy moves may spur increased volatility and push up borrowing costs further for companies, the last thing they need now.
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