The Federal Reserve meeting that concludes Wednesday is the most important event of the week. There are now few participants, if any, that expect the Fed to reduce its long-term asset purchases now or even next month. Many see the September as a more likely time frame and a recent poll found the median expectation for tapering to take place in October.
Source: http://www.bullfax.com/?q=node-feds-qe-tapering-impact-indias-overseas-bond-sales-hit-
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