UPSCSSCBANKINGSTATE-PSC
RBI's rate cut and bond purchases led to gains in Indian government bonds.
Summary
Following the Reserve Bank of India's (RBI) rate cut and bond purchase plans, Indian government bonds experienced gains. This move, aimed at injecting liquidity, shifted investor focus, impacting the benchmark 10-year notes.
Key Points
- RBI announced a rate cut.
- RBI plans bond purchases to inject liquidity.
- Indian government bonds saw gains.
- Investor interest shifted away from the benchmark 10-year notes.
Full Article
Indian government bonds saw gains on Monday. Buyers found value in various bond maturities following the Reserve Bank of India's policy actions. The central bank announced a rate cut and plans for bond purchases to inject liquidity. This move has shifted investor interest away from the benchmark 10-year notes.
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