The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee, top, and 500 rupee banknotes in an arranged photograph in Thailand. (Photographer: Brent Lewin/Bloomberg)

India Bonds Slide After Central Bank Dials Back Rate Cut Expectations

Jul 22 2019, 4:19 AMJul 22 2019, 6:00 AMJuly 22 2019, 4:19 AMJuly 22 2019, 6:00 AM

(Bloomberg) -- Sovereign bonds slid after the Reserve Bank of India Governor Shaktikanta Das said further rate cuts will depend on incoming data, forcing traders to dial back expectations of large ...