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Business Standard

New 10-year bond at 6.1% signals RBI's tolerance for higher yields

Bond dealers welcome move, say this would help correct distortion in the yield curve

Topics
Reserve Bank of India | Bond Yields | Indian Economy

Anup Roy  |  Mumbai 



bond yields
Illustration by Binay Sinha

The (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

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