Finance
Mr. ManagerRBI's Liquidity Tsunami Sends Bond Yields Crashing Down!
Ladies and gentlemen, hold onto your hats! The Reserve Bank of India just unleashed a liquidity tsunami that sent government bond yields crashing down like a heavyweight champion! With a jaw-dropping Rs 2 trillion in open market ops and a $10 billion forex swap, yields have plummeted to an electrifying 6.54%! This is the most thrilling rally since April, folks! Can you feel the excitement?
few days ago | Anjali Kumari
Quick rundown
1.RBI's liquidity measures sparked a bond market rally.
2.10-year government bond yields fell to 6.54%.
3.RBI plans Rs 2 trillion OMO purchases in four tranches.
4.Forex swaps might be favored for future liquidity injections.
5.RBI assures ample liquidity without targeting surplus levels.
