 "rbi, reserve bank of india")
The Reserve Bank of India (RBI) has nudged state governments to reschedule their market borrowings to ease the supply pressure in the bond market, amid the recent rise in yields, sources aware of the development said.
The central bank has advised states to defer their debt issuance to periods when yields are softer.
The bond market now expects the RBI to announce an open market operation (OMO) calendar for bond purchases during the January-March period. This would be in the next policy review on December 5 even as rate cut hopes have faded with Q2 GDP growth numbers expected to
