India bonds rise after RBI rate cut, benchmark yields steady
after close1 source ↓written by the desknot a recommendation
- rate cut
- 25 basis points
- remained stable
- 6.5323%
- forex swap
- $5 billion
Most Indian government bonds rose following the 25 basis points rate cut by the RBI, while the benchmark 10-year yield remained stable at 6.5323%. The RBI plans to inject liquidity through open market purchases worth ₹1 trillion and a $5 billion forex swap, aiming to stimulate trading activity. 📈
Not investment advice. For informational purposes only.