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Fixed Income And Currency Market
28 Sept 2020
RBI Has to Have a Clear Plan to Handle Market Fatigue for Bonds
RBI sent out two different signals to the bond market last week, confusing traders who were anyway nervous on the 2nd half supply of bonds from the government. In the OMO bond purchase auction, RBI rejected all bids and traders took this as a signal that the central bank did not want to accept bids at lower than market yields.
Arjun Parthasarathy
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