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المشهد العربي
Indian bond yields climb after RBI move
The impact of the Reserve Bank of India's decision to shut down the dollar deposit window for residents abroad before its scheduled end led to an increase in short-term Indian bond yields. The yields on five-year bonds rose by 9 basis points to 6.44%, while ten-year bond yields increased by 5 basis points to 6.81%. This followed earlier statements from the central bank governor, who ruled out an early closure of the program. As a result, there was a widespread sell-off in the Indian debt market and a reduction in excess liquidity due to dollar inflows that exceeded $50 billion before the program's termination.
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