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Fixed Income And Currency Market
10 Aug 2020
RBI Is Stifling Bond Trader
RBI kept rates at record lows in its policy review last week and pledged high liquidity and continued accommodative policy given the forecast of negative GDP growth this year. The central bank has kept the door open for more rate cuts. The lack of rate cuts pushed up bond yields marginally across the curve.
Arjun Parthasarathy
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