How RBI Measures Shifted Bonds and the Rupee in Today’s Trading – Economic Times
Bond yields in India plunged the most on Tuesday since a gradual unlocking of the economy began, as the central bank used so-called Operation Twist to stem the recent drop in bond values. The rupee also recorded its biggest gains since the end of March to become the best currency in emerging markets in a month.
The benchmark bond closed at 5.94% on Tuesday from 6.12% a day earlier, the largest…
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