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Bond market dealers watch out for RBI's unannounced purchases

It is hard to say if the OMOs are being done to soften yields, or to fill up the central bank's stock of bonds, but yields did not move up sharply in auctions

Topics
India bond market | RBI bond markets | OMO Purchase

Anup Roy  |  Mumbai 



bharat bond etf
To curb the banking sector liquidity, the RBI recently conducted an 84-day cash management bill (CMB) of Rs 80,000 crore

Bond market participants expect the Reserve Bank of India (RBI) to increase secondary market bond purchases, either pre-announced, or even unannounced, as a tool to contain yields.

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First Published: Fri, June 05 2020. 19:41 IST

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