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RBI Assurance May Fail to Cool India Bond Selloff, Top Fund Says

The RBI “has just started doing a little bit of open-mouth operations in the sense they want the yield curve to behave in a more orderly way,” said Kaustubh Gupta, co-head of fixed income at Aditya Birla Sun Life Asset Management, India’s fourth-largest asset manager. “The action is still missing.”

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