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Government Source Issues Caution Over Borrowing Costs

INDIA
  • Reuters cites an Indian government source as stating that the government are engaged with the central bank to take further measures to contain inflation, however pressures are seen as easing as prices of energy and good items such as edible oil have begun to fall.
  • The sources adds that the government are monitoring the rise in bond yields, adding that they are concerned over elevated borrowing costs.
  • June CPI moderated to 7.01% from 7.04%, against expectations of an acceleration to 7.10%. July CPI is expected to moderate further, due tomorrow.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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