Bonds Rise After India RBI Announces $1.5 Billion Debt Purchase
People stand in line at the Reserve Bank of India (RBI) headquarters in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

Bonds Rise After India RBI Announces $1.5 Billion Debt Purchase

(Bloomberg) -- Sovereign bonds in India rallied after the central bank said it will purchase debt to meet the cash needs of the banking system.
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