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Economy

US Fed move raises RBI rate cut hopes; Indian bonds gain

Updated : March 04, 2020 11:48 AM IST

US benchmark 10-year Treasury yields slid below 1 percent for the first time on Tuesday, after the Fed slashed interest rates by half a percentage point in an out-of-turn move.
Markets are geared for a 25 bp cut either before or at the April 3 policy meeting.
US Fed move raises RBI rate cut hopes; Indian bonds gain

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