The yield on the benchmark 10-year bond fell below the crucial 6 per cent mark on Wednesday after the Reserve Bank of India (RBI) assured the market of ample liquidity and another round of secondary market purchase of Rs 35,000 crore.
The RBI has often signalled it prefers yields at or below 6 per cent as a lower yield reduces the funding cost for the Centre which has a huge borrowing programme.
In an unscheduled press conference earlier in the day, RBI Governor Shaktikanta Das announced various Covid relief measures for individuals as well as the health care
The RBI has often signalled it prefers yields at or below 6 per cent as a lower yield reduces the funding cost for the Centre which has a huge borrowing programme.
In an unscheduled press conference earlier in the day, RBI Governor Shaktikanta Das announced various Covid relief measures for individuals as well as the health care