RBI bond buyback indicates shift to neutral stance
after close1 source ↓written by the desknot a recommendation
- bond buyback scheduled
- ₹400 billion
- buyback scheduled
- 9 May
- dropping to their
- 10-year yields
The Reserve Bank of India announced a ₹400 billion bond buyback scheduled for 9 May, signaling a shift towards easing liquidity. This unexpected move may lead to a neutral interest-rate stance in the upcoming June policy meeting, as cash conditions have improved slightly. India bonds rallied, with 10-year yields dropping to their lowest levels in early trading.
Not investment advice. For informational purposes only.