Finance
Sock JohnsonRBI Unleashes Liquidity Powerhouse, Bond Yields Dive Down
Ladies and gentlemen, gather 'round! The RBI just unleashed a liquidity powerhouse, and BOOM! Government bond yields are diving like a champion wrestler! On Wednesday, they dropped 9 bps to 6.54%, marking the biggest slam since April. With Rs 2 trillion in play, the crowd is buzzing for more action! Get ready, because this rally is just warming up!
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.
