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LIC Mutual Fund is lowering maturities across debt schemes and investing in up to five-year notes, as India's rate cut-led bond market rally is largely over, chief investment officer at the asset manager said on Thursday.
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A report that the US President could name the new head of the central bank early raises concerns over its independence.
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State-owned Bank of India (BoI) on Thursday said it plans to raise Rs 20,000 crore during the current fiscal via bonds to fund infrastructure projects.
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