Benchmark 10-year bond yields have slid 23 basis points in 2013 to 7.82 percent as Palaniappan Chidambaram, India's finance minister, seen here, strives to preserve India’s investment-grade rating. Photographer: Tomohiro Ohsumi/Bloomberg
Benchmark 10-year bond yields have slid 23 basis points in 2013 to 7.82 percent as Palaniappan Chidambaram, India's finance minister, seen here, strives to preserve India’s investment-grade rating. Photographer: Tomohiro Ohsumi/Bloomberg
%7Cutmccn%3D(direct)%7Cutmcmd%3D(none);&utmn=292012810&utmp=%2Fphoto%2F2013-02-26%2Findia-seen-curbing-widest-bric-budget-gap-to-boost-rate-cut-room.html&utmhn=10.248.67.13&utmac=UA-11413116-12&utmhid=556513418)