RBI to allow lending and borrowing of government bonds

“This will provide investors an avenue to deploy their idle securities, enhance portfolio returns and enhance wider participation,” Governor Shaktikanta Das said in Mumbai, after raising interest rates by a quarter point.

India’s central bank plans to allow lending and borrowing of government bonds, a move aimed at further deepening the nation’s $1 trillion debt market.

The RBI on Wednesday increased repo rate by 25 bps to 6.5%. (HT_PRINT)

RBI Monetary Policy 2023 Live

“This will provide investors an avenue to deploy their idle securities, enhance portfolio returns and enhance wider participation,” Governor Shaktikanta Das said in Mumbai, after raising interest rates by a quarter point.