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Sep 22, 2016
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RBI buys Rs 1 lakh cr bonds via OMO; yields fall from 25 to 60 bps over period
In a massive infusion of liquidity that has driven down yields sharply, the Reserve Bank of India has, since April, bought government bonds worth over R1 lakh crore through open market operations (OMOs).Yields on government bonds have fallen anywhere between 25-60 basis points over this period. For instance, the 10-year benchmark yield has fallen by around 60 basis points with the new 10-year gilt now trading at 6.85%.
Source -
http://www.financialexpress.com
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