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RBI Keeps 10-Year Bond Yield In Check But Borrowing Costs In Other Segments Rise
While the 10-year G-Sec yield is now trading at near 6.02%, beyond that interest rates are rising across many segments.
17 Feb 2021, 10:32 AM IST
High government borrowings and the expectation that a rare savings glut will reverse next year pushed up benchmark 10-year bond yields sharply in the days after the budget. Till the Reserve Bank of India stepped in to signal that it will conduct large-scale open market operations and hold the benchmark bond yield at near 6%.The central bank’s efforts worked with the 10-year bond yield now trading back at near 6.02%. This, despite a r...
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