 "RBI, Reserve Bank of India")
The Reserve Bank of India (RBI) is letting the 10-year bond yield align with market realities, ahead of its monetary policy next week.
This is a different strategy than what played out until last month, where the central bank seemed more focused on keeping the 10-year bond yields at 6 per cent. The logic given by senior executives at that time was that the 10-year bond has more impact on the entire yield curve and so the focus could be disproportionately higher on the side of the 10-year bond.
However, bond dealers say that line of action may have ended
