RBI's repo cut sends bond yields soaring 14 bps this week!

The Reserve Bank of India made a big splash on Friday by cutting the repo rate by 25 basis points, and guess what? Bond yields jumped up by 14 basis points! This week, they hit a peak of 6.63 percent as investors scrambled to adjust their positions. With uncertainty around upcoming auctions and stop-losses triggering, the market is buzzing with activity!