India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases: The Reserve Bank of India is poised to trim the repo rate by 25 basis points to 6.25% as it concludes its policy meeting on Friday, setting off “a shallow rate cut cycle,” said Taimur Baig, chief economist at DBS Bank. Indian bonds have rallied in recent weeks with the 10-year benchmark yield falling by 16.5 basis points in about three weeks
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