The Reserve Bank of India's long-awaited announcement to infuse durable liquidity led to an immediate frenzy in the government bond market, with traders seeing the moves as a precursor to a repo rate cut. This led the 10-year gilt yield to slump to a near three-year low of 6.63%. But traders say the yield may have neared its bottom even with a 25-basis-point repo rate cut in sight for next week.
Share this Story:
