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Govt bond yields steady on first day of FY; RBI meet key
Govt bond yields steady on first day of FY; RBI meet key
Indian government bond yields remained almost unchanged on Monday after rising earlier in the day. The 7.26% 2032 bond yield closed at 7.3142%, a slight change from Friday's 7.3180% closing rate. Analysts expect the Reserve Bank of India to raise its interest rate by 25 bps on Thursday, although there is less clarity on future rate hikes
Indian government bond yields remained almost unchanged on Monday after rising earlier in the day. The 7.26% 2032 bond yield closed at 7.3142%, a slight change from Friday's 7.3180% closing rate. Analysts expect the Reserve Bank of India to raise its interest rate by 25 bps on Thursday, although there is less clarity on future rate hikes