Bond traders are concerned higher oil prices will add to India’s already elevated inflation and push the central bank toward more aggressive rate hikes.
RBI governor asks stock markets for trust, as bonds suffer post-budget sell-off
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RBI governor asks stock markets for trust, as bonds suffer post-budget sell-off
Reuters / Feb 24, 2021, 14:34 IST
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RBI governor Shaktikanta Das said the RBI was seeking an orderly evolution of the yield curve . (File photo)
MUMBAI: Reserve Bank of India (RBI) governor told investors on Wednesday to trust the bank to manage the government s massive borrowing programme, after the bond market suffered a sustained sell-off following the 2021-22 budget announcement earlier this month.
The RBI s assurances that it will ensure ample liquidity have failed to calm investors nerves over the larger than expected Rs 12.06 lakh crore borrowing requirement, and the central bank has rebuffed their calls for a open market operations calendar.