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Fixed Income And Currency Market
5 Oct 2020
Short Term Gain, Long Term Pain for Bond Markets on Understated Government Borrowing and on RBI Policy
The government kept to its budgeted borrowing plan for fiscal 2020-21, as it released the 2nd half borrowing program. The borrowing program size was increased in April 2020 on COVID led lockdown. Bond markets were nervous on higher than expected borrowing for the 2nd half but were provided relief by the government.
Arjun Parthasarathy
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