The Indian equity market continued to move higher tracking global cues, even as India continues to see a sharp increase in daily new COVID-19 cases. India’s volatility index moderated for the fifth consecutive month and declined 5.6% in August.
Indian sovereign bond closed at 6.10% vs 5.84% from its previous close. The Reserve Bank of India (RBI) hinted of a prolonged pause in the interest rate cut due to high retail inflation.
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