 "RBI")
With partial lockdowns being announced in parts of the country, notably in Mumbai and Delhi, the bond market feels the Reserve Bank of India (RBI) will be in no mood to tinker with its rates or accommodative stance for some time to come.
Depending on the course of the fresh surge in Covid-19 cases — daily infections have touched 100,000 — investors might expect a rate cut. But that is unlikely in the policy to be announced by the monetary policy committee on Wednesday.
The bond market has already started cheering the possibility of a prolonged status quo
Depending on the course of the fresh surge in Covid-19 cases — daily infections have touched 100,000 — investors might expect a rate cut. But that is unlikely in the policy to be announced by the monetary policy committee on Wednesday.
The bond market has already started cheering the possibility of a prolonged status quo
