The Reserve Bank of India (RBI) issued a new 10-year bond on Friday and set the coupon at 6.10 per cent, higher than what most of the market was expecting. This indicates the RBI’s willingness to start accommodating the market demand for higher yields in the face of rising inflation after it spent months trying to cap the yield at 6 per cent.
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First Published: Fri, July 09 2021. 22:50 IST