Business

Bond yields dip to 4-year low

  • HT Correspondent, Hindustan Times, Mumbai
  • |
  • Updated: Aug 21, 2013 09:11 IST

India’s government bonds rallied, pushing the 10-year yield down the most in four years, after the RBI said it would buy long-dated sovereign notes in a move to ease curbs on cash supply.

RBI will conduct open-market debt purchases of Rs 8,000 crore on August 23 and thereafter calibrate them both in terms of quantum and frequency based on market conditions. The yield on the 7.16% government bonds due May 2023 slid 0.51 percentage points to 8.42%.

 

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