Brutal gilt selloff continues on Budget borrowing shocker; mkt looks to RBI for help
Government bonds plummeted on Wednesday, with yield on the 10-year benchmark 6.54 per cent 2032 paper surging eight basis points to 6.91 per cent as traders rushed to dump stock after the Budget for the next financial year announced an all-time high borrowing programme. The Reserve Bank of India’ s decision to announce a two-day … Read more