Covid resurgence will force RBI to keep the monetary tap open, bond market shows

Covid resurgence will force RBI to keep the monetary tap open, bond market shows

With a new and possibly even more deadly variant of the coronavirus being detected in South Africa, Botswana and Hong Kong, a fresh outbreak of the disease may well be on the cards. When this is coupled with a recent resurgence of Covid-19 in Europe — which has been accompanied by attendant restrictions on activity — the risk to global growth has intensified significantly.

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