India Central Bank Buys Bonds in Secondary Market to Cool Yields
The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee banknote in an arranged photograph in Thailand. (Photographer: Brent Lewin/Bloomberg)

India Central Bank Buys Bonds in Secondary Market to Cool Yields

(Bloomberg) -- India’s central bank has been buying debt in the secondary market in a bid to cool yields as Prime Minister Narendra Modi’s government embarked on a record-borrowing spree.
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