 "Nirmala Sitharaman")
India's growth-focused Budget sparks concerns on inflation, tighter rates
India's growth-focused budget for the upcoming fiscal year, on the back of record market borrowing, has fuelled worries among bond traders who fear the central bank may now be forced to act on the inflationary risks, despite its dovish policy stance.
Coupled with global crude oil prices at seven-year highs and expectations for the U.S. Federal Reserve to raise rates more aggressively, traders fear the government's plans mean the Reserve Bank of India may need to act sooner rather than later. Read more
HDFC Ltd's Q3 net up 11% YoY to
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