RBI's bond sale plan leads to rout
Saturday, 7 October 2023
The government bond market in India experienced a selloff as bond prices fell and yields rose. This was in response to the Reserve Bank of India (RBI) governor's statement that the central bank may resort to open market operation (OMO) sales to manage liquidity. The bond market is concerned about the yield differential between Indian and US 10-year government securities, which has reached historically low levels.
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