Bloodbath in bond market ahead of RBI Governor's statement at 2 pm; rate hike feared

“Traders are speculating if the MPC (Monetary Policy Committee) has met over the last few days. However, there is a lot of confusion. There has been no fresh negative development to prompt an off-policy rate hike. Moreover, in the recent past, rate actions have been announced at 10 am when the markets opened.”

Bloodbath in bond market ahead of RBI Governor's statement at 2 pm; rate hike feared
“Traders are speculating if the MPC (Monetary Policy Committee) has met over the last few days. However, there is a lot of confusion. There has been no fresh negative development to prompt an off-policy rate hike. Moreover, in the recent past, rate actions have been announced at 10 am when the markets opened.”