Yields on 10-year government bonds hit two-month lows

yields on 10 year government bonds hit two month lows

Sumary of Yields on 10-year government bonds hit two-month lows:

  • On Wednesday, the Reserve Bank of India (RBI), while detailing the first bi-monthly monetary policy of the current fiscal, had announced a Rs1 trillion bond-buying plan to keep a lid on long-term interest rates amid a massive government borrowing programme..
  • As part of the government security acquisition programme (G-SAP 1.0), RBI will buy ₹1 trillion worth of bonds from the secondary market in three months to 30 June, with the first purchase of ₹25,000 crore on 15 April….

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