RBI unlikely to change interest rates

RBI unlikely to change interest rates

Mumbai: RBI is likely to keep interest rates unchanged after its monetary policy review this week as it battles inflation, said respondents in an ET poll, but some of them said a fiscally prudent interim budget and signs of global monetary easing may prompt the central bank to soften its communication on tight liquidity conditions … Read more

Market takes Shaktikanta Das’ signal positively as yields cool off

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Mumbai: The bond market reacted postively to the Reserve Bank of India (RBI) governor’s signal for lower yields lapping up the Rs 28,000 crore bonds on offer at the prevailing market rate even as the benchmark bond yield dropped by seven basis points to end at 5.94%. As expected the RBI kept interest rates unchanged … Read more