The Reserve Bank of India (RBI) logo is displayed on the bank’s building in Mumbai, India. (Photographer: Adeel Halim/Bloomberg)

Indian Central Bank Softens Hawkish Tone as Inflation Cools

(Bloomberg) -- India’s central bank struck a less hawkish tone on Wednesday, signaling it was open to adjusting monetary policy if upside risks to inflation don’t materialize. Bonds rallied.

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