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Bonds to rally after small savings rate cut

Reserve Bank could cut policy rates by 50 bps instead of 25

Anup Roy  |  Mumbai 

While savers are crying hoarse over the government reducing the interest rates on small savings schemes, the move has been welcomed by the bond market. Bond yields are set to fall on hope that the Reserve Bank of India (RBI) would now cut its policy rate by 50 basis points (bps), instead of the expected 25. One basis point is a hundredth of a percentage point. As yields fall, prices of bonds rise. The RBI is scheduled to review its monetary policy on April 5. After the Budget, in which the government managed to keep its fiscal deficit within the targeted 3.5 per cent of gross domestic ...

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Bonds to rally after small savings rate cut

Reserve Bank could cut policy rates by 50 bps instead of 25

Reserve Bank could cut policy rates by 50 bps instead of 25 While savers are crying hoarse over the government reducing the interest rates on small savings schemes, the move has been welcomed by the bond market. Bond yields are set to fall on hope that the Reserve Bank of India (RBI) would now cut its policy rate by 50 basis points (bps), instead of the expected 25. One basis point is a hundredth of a percentage point. As yields fall, prices of bonds rise. The RBI is scheduled to review its monetary policy on April 5. After the Budget, in which the government managed to keep its fiscal deficit within the targeted 3.5 per cent of gross domestic ... image
Business Standard
177 22

Bonds to rally after small savings rate cut

Reserve Bank could cut policy rates by 50 bps instead of 25

While savers are crying hoarse over the government reducing the interest rates on small savings schemes, the move has been welcomed by the bond market. Bond yields are set to fall on hope that the Reserve Bank of India (RBI) would now cut its policy rate by 50 basis points (bps), instead of the expected 25. One basis point is a hundredth of a percentage point. As yields fall, prices of bonds rise. The RBI is scheduled to review its monetary policy on April 5. After the Budget, in which the government managed to keep its fiscal deficit within the targeted 3.5 per cent of gross domestic ...

image
Business Standard
177 22