India bonds rally as RBI announces liquidity measures
pre-market1 source ↓written by the desknot a recommendation
- in open-market bond
- ₹3 trillion
Indian government bonds surged after the RBI unveiled a liquidity plan involving ₹3 trillion in open-market bond purchases and a dollar-rupee swap. This strategy aims to alleviate cash deficits and improve rate-cut transmission. As a result, the benchmark 10-year yield dropped by eight basis points, signaling a more controlled government borrowing approach for the fiscal year.
Not investment advice. For informational purposes only.