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India’s central bank yesterday surprised markets by suspending its version of quantitative easing, signaling the start of tapering COVID-19 pandemic-era stimulus measures as an economic recovery takes hold. There is no need for further bond-buying, Reserve Bank of India Governor Shaktikanta Das said in an online broadcast, while stressing that the step is not a reversal of its accommodative policy stance. The bank will be ready to resume purchases if needed, he said. Bonds were mixed. The yield on the benchmark 10-year bond climbed 4 basis points after Das announced discontinuing the Government Securities Acquisition Programme (GSAP), bucking market expectations for only trimming

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