Business Standard

'Bond market investors are likely to chase yields in the coming months'

The RBI may need to step in with larger purchases soon to keep yields from rising.This size of weekly auction can be absorbed in the market only if there is confidence on low yields, he says

BADRINIVAS NC, Citi
Web Exclusive Premium

Bond markets have remained incredibly stable despite the record size of weekly borrowings, says BADRINIVAS NC, head of markets and securities services for Citi South Asia

Puneet Wadhwa New Delhi
After a stellar rise in the equity markets since March 2020 low, BADRINIVAS NC, head of markets and securities services for Citi South Asia tells Puneet Wadhwa that the near-term upsides in the broader equity market remains capped and their model portfolio is overweight in select sectors like financials, telecom, industrials, and healthcare. Edited excerpts:

Did the Reserve Bank of India’s (RBI’s) recent stance on rates come as a surprise?
 
The recent pause by the Reserve Bank of India (RBI) in interest rates was no surprise, given inflation is higher than the targeted band. It is not easy to predict

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 18 2020 | 12:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com