A customer holds new Indian two thousand rupee banknotes for a photograph outside an India Post branch in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Bonds Drop With Rupee in India as RBI's Dovish Pivot Falls Short

(Bloomberg) -- Sovereign bonds slid in India, dragging down the rupee, as some traders were disappointed that the central bank wasn’t more dovish in its policy statement.