"Jan. 23 (Bloomberg) -- Indian Prime Minister Manmohan Singh’s top economic adviser Suresh Tendulkar wants the central bank to reduce interest rates further in its Jan. 27 policy statement to stimulate a slowing economy.
“My own preference would be to see some rate cuts there in next week’s policy,” Tendulkar told Bloomberg News in a phone interview today. “That call will be taken by the Reserve Bank.”"
My Comments: More rate cuts on the way. Remain long bonds. Supply concerns seem overblown given the magnitude of the slowdown that lies ahead.
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