Bond yields fall sharply on dovish commentary from RBI
2 years, 10 months ago

Bond yields fall sharply on dovish commentary from RBI

Live Mint  

Indian bond yields fell sharply on Thursday in response to the Reserve Bank of India's more dovish than expected monetary policy, in which it kept both key rates unchanged while retaining its accommodative policy stance. "The surprise element in the credit policy is the very dovish stance taken by the MPC which in a way supports the expected large government borrowing programme as well as the corporates that will be borrowing funds this year," said Madan Sabnavis, chief economist at Bank of Baroda. Traders however were hopeful of getting more clarity on how the central bank plans to help it absorb the government's record 14.95 trillion rupees worth of borrowing next year. The central bank chief refrained from making any explicit mention of open market purchases and said it would make the necessary announcements when the borrowing programme for the year begins in April.

Policy Rate Rbi Borrowing Dovish  commentary  expected  rbi  yields  borrowing  repo  policy  fall  market  rate  programme  dovish  bank  reverse  bond  sharply

History of this topic

India’s 10-year bond yield may fall to 6.6% if RBI eases in Feb, ICICI Bank’s Prasanna says
1 week, 6 days ago

India’s 10-year bond yield may fall to 6.6% if RBI eases in Feb, ICICI Bank’s Prasanna says

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 11 - Indian government bond yields may trend in a narrow range in the near term, but the benchmark bond yield could ease to levels seen three years ago if the central bank cuts interest rates in its next policy meeting, the treasurer at ICICI Bank said. Going into the next year, if there is …

Stock market strategy: Should you increase your fixed income allocation as bond yields spike after RBI policy?
2 weeks, 2 days ago

Stock market strategy: Should you increase your fixed income allocation as bond yields spike after RBI policy?

Live Mint  

The Reserve Bank of India’s on December 6 kept the benchmark repo rate unchanged at 6.5% for the eleventh straight meeting, and maintained the monetary policy stance ‘Neutral’. Following the release of Q2FY25 GDP data, the bond market began anticipating potential monetary easing in the RBI policy. Bond Market Reaction The Indian government bond yields jumped, with the 10-year benchmark …

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%
Trending News
2 weeks, 4 days ago

RBI keeps interest rate unchanged at 6.5%, lowers GDP projection to 6.6%, cuts CRR to 4%

New Indian Express  

MUMBAI: The Reserve Bank of India on Friday kept the benchmark interest rate unchanged at 6.5%, marking the 11th consecutive time the lending rate has remained steady. The RBI's Monetary Policy Committee opted against any knee-jerk reaction to the growth slowdown in the second quarter with a repo rate cut, emphasising the need to be prudent and measured in its …

India 10-year bond yield hits 2-month low on growing policy easing bets
Trending News
3 weeks, 1 day ago

India 10-year bond yield hits 2-month low on growing policy easing bets

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 2 - Indian government bond yields continued to dip, extending Friday's trend at the start of a new week, as weaker-than-expected economic growth data spurred bets on a monetary policy easing. The Reserve Bank of India's monetary policy committee is set to meet this week, and is expected to make a decision on Friday. "It …

India bond yields to track US rates; downside largely capped
4 weeks ago

India bond yields to track US rates; downside largely capped

Live Mint  

By Nimesh Vora MUMBAI, Nov 26 - Indian bond yields are likely to open little changed on Tuesday following the dip in the previous session, with traders keeping an eye on U.S. Treasury yields. The benchmark 10-year bond yield is expected in a 6.81%-6.84% range, having dipped about two basis points on Monday to 6.8226% largely due to a dip …

India bond yields may drop tracking decline in US rates
Trending News
4 weeks, 1 day ago

India bond yields may drop tracking decline in US rates

Live Mint  

By Nimesh Vora MUMBAI, Nov 25 - Indian government bond yields may dip at open on Monday, tracking a decline in U.S. rates, while traders wait for data on how Asia's fourth-largest economy fared in the last quarter due later in the week. The 10-year U.S. Treasury yield dropped six basis points in Asia trading, after U.S. President-elect Donald Trump …

India bond yields marginally down on value buys, fresh cues awaited
1 month ago

India bond yields marginally down on value buys, fresh cues awaited

Live Mint  

By Dharamraj Dhutia MUMBAI, Nov 18 - Indian government bond yields trended slightly lower in early deals at the start of another holiday-truncated week amid value purchase from investors after yields rose last week. Meanwhile, U.S. Treasury yields edged higher on Friday and remained elevated during Asian hours as strong U.S. retail sales data and import prices lowered bets of …

India bond yields seen marginally lower as Fed rate cut bets improve
4 months ago

India bond yields seen marginally lower as Fed rate cut bets improve

Hindustan Times  

By Dharamraj Dhutia India bond yields seen marginally lower as Fed rate cut bets improve MUMBAI, - Indian government bond yields are expected to trend lower in early trading on Wednesday, tracking a fall in U.S. Treasury yields amid rising prospects of a deeper interest rate cut next month. "The odds of a larger than 25 basis point cut by …

RBI maintains status quo: A year without rate changes
10 months, 2 weeks ago

RBI maintains status quo: A year without rate changes

Live Mint  

It is now exactly one year since the Reserve Bank of India last changed rates—a hike of 25 basis points to 6.5% last February. Flat or inverted yield curves only make sense if the market expects short-term rates to be much lower in the future. For a central bank, premature rate cuts may put inflation at risk of rising through …

Market falls sharply after RBI keeps repo rates unchanged for the sixth time
10 months, 2 weeks ago

Market falls sharply after RBI keeps repo rates unchanged for the sixth time

New Indian Express  

MUMBAI: India’s equity market fell sharply on Thursday morning after the Reserve Bank of India's monetary policy decision, where it kept the repo rate unchanged for a sixth consecutive time. The RBI Governor Shaktikanta Das-led six-member Monetary Policy Committee maintained the repo rate at 6.5%. “For the financial markets, particularly the bond and equity markets, the unchanged interest rates signal …

Higher for longer? What's that, asks the Fed
1 year ago

Higher for longer? What's that, asks the Fed

Live Mint  

The US 10-year bond yield has seen significant movement in the 4.5-4.9% range over the past two months. Some investors expected the Federal Reserve to begin easing monetary policy sooner on growth concerns, and were thus bidding up bond prices, causing yields to fall. Given repeated supply shocks and stimulus-induced demand growth, the central banks also feared that inflation would …

Rupee gains, bond yields drop after dovish US Federal Reserve
1 year ago

Rupee gains, bond yields drop after dovish US Federal Reserve

Live Mint  

The Indian rupee surged against the US dollar while the 10-year government bond yields dropped on Thursday after a dovish US Federal Reserve outcome raised hopes of more interest rate cuts next year. The US dollar and the treasuries yields declined after the Fed signaled that the interest-rate hike cycle has come to an end while forecasting lower borrowing costs …

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%
1 year ago

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%

Hindustan Times  

The Reserve Bank of India on Friday maintained its benchmark repo rate at 6.5%, keeping its focus on anchoring inflation and boosting growth. Monetary policy will remain actively “disinflationary”, RBI Governor Shaktikanta Das said after a two-day meeting of the bank’s six-member monetary policy committee. He said that the central bank’s successive policy rate hikes, a reference to increases in …

RBI to keep interest rates unchanged through year-end: Poll
1 year, 8 months ago

RBI to keep interest rates unchanged through year-end: Poll

Hindustan Times  

The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year as it evaluates the delayed impact of previous hikes on economic growth and high inflation, a Reuters poll of economists showed. Reserve Bank of India Last week, the central bank surprised nearly every analyst by leaving the repo rate unchanged …

Rupee eyes more gains, bond yield seen in narrow range
1 year, 9 months ago

Rupee eyes more gains, bond yield seen in narrow range

Hindustan Times  

The Indian rupee is set to keep up its momentum this week as a rebound in equity inflows supports sentiment, while government bond yields are expected to take major cues from moves in U.S. yields and remain in a thin range. The rupee broke out of its narrow trading range last week to finish nearly 1% higher at 81.9650 per …

Indian bond yields rise ahead of Friday’s debt supply, hawkish policy weighs
2 years ago

Indian bond yields rise ahead of Friday’s debt supply, hawkish policy weighs

Live Mint  

Indian government bond yields ended higher for a fifth consecutive session, as sentiment remains cautious after a hawkish monetary policy and traders await fresh supply of debt through a weekly auction on Friday. "Bond yields have adjusted to the monetary policy, and will now react to inflation data prints next week as well as Federal Reserve's policy decision," said Soumyajit …

Indian bond yields seen lower tracking fall in oil, U.S. yields
2 years ago

Indian bond yields seen lower tracking fall in oil, U.S. yields

Live Mint  

Indian government bond yields were expected to open lower on Thursday, tracking a slump in oil prices as well as U.S. yields. "After the relatively hawkish monetary policy, there should be some respite as oil and U.S. yields both easing bodes well for local bonds," the trader said. Meanwhile, oil prices continued their downward momentum, with the benchmark Brent crude …

India 10-year bond yield posts steepest drop in 32 months as inflation eases
2 years ago

India 10-year bond yield posts steepest drop in 32 months as inflation eases

Live Mint  

Indian government bond yields slid in November, with the benchmark yield posting its steepest monthly fall in 32 months, as easing domestic and U.S. inflation raised bets that the aggressive rate-hike cycle in both nations may be near its end. "Market participants are not at all worried about another 50 bps rate hike, and things changed after softer inflation reading," …

Bond yields little changed after recent fall, Friday’s debt sale eyed
2 years, 1 month ago

Bond yields little changed after recent fall, Friday’s debt sale eyed

Live Mint  

Indian government bond yields ended little changed on Thursday, amid consolidation after the recent fall, while traders now await a fresh supply of debt via weekly auction on Friday. The benchmark Indian 10-year government bond yield ended at 7.2808%, after closing at 7.2736% on Wednesday. Bond yields eased earlier in the session, following a drop in U.S. yields and oil …

RBI rate hike impact: What stock, bond market investors should know
2 years, 4 months ago

RBI rate hike impact: What stock, bond market investors should know

Live Mint  

Indian stock markets rose, the rupee strengthened and bond yields rose after the Reserve Bank of India hiked repo rate to pre-covid levels. The Reserve Bank of India raised the key policy repo rate by 50 basis points while Governor Shaktikanta Das remained optimistic about domestic growth. While the domestic inflationary pressures seem to be easing out gradually, the geopolitical …

3-Year Bond Yields Lowest In Over A Month: What It Means, What Investors Should Do
2 years, 5 months ago

3-Year Bond Yields Lowest In Over A Month: What It Means, What Investors Should Do

News 18  

India’s benchmark 10-year bond yield on Monday fell to its lowest level since May 27 to 7.355 per cent. A market expert said the ease in bond yield is a positive news for the economy and the markets as the rising bond yields raises the companies’ cost of borrowing. Motilal Oswal said that if the bond yields go up then …

Rupee tumbles to a record low on inflation risks, stocks' decline
2 years, 7 months ago

Rupee tumbles to a record low on inflation risks, stocks' decline

Hindustan Times  

Indian rupee tumbled to a new low, while bonds and stocks retreated amid growing worries that accelerating inflation may force the central bank to tighten rates more aggressively. The yield on benchmark 10-year bonds rose five basis points to 7.27% after declining about 25 basis points in the previous two sessions to Wednesday. Investors are worried that inflation staying above …

Shares inch up as RBI keeps rates steady to support growth
2 years, 8 months ago

Shares inch up as RBI keeps rates steady to support growth

Hindustan Times  

Shares edged higher on Friday after the central bank kept its key lending rate unchanged at a record low, opting to support post-pandemic economy growth despite rising inflation due to the Russia-Ukraine war. The monetary policy committee of the Reserve Bank of India held the lending rate, or the repo rate, at 4% and voted to keep its monetary policy …

India’s 10-yr bond yield hits 2-year high tracking US peers, crude
2 years, 11 months ago

India’s 10-yr bond yield hits 2-year high tracking US peers, crude

Live Mint  

India's benchmark 10-year bond yield hit a two-year high on Monday, tracking an uptick in U.S. yields and a continued rise in global crude oil prices which has raised expectations of rate increases by the Reserve Bank of India. India's benchmark 10-year bond yield rose 6 basis points from Friday's close to 6.64%, its highest since Jan. 22, 2020. The …

RBI keeps lending rates unchanged at 4% for ninth time in a row
3 years ago

RBI keeps lending rates unchanged at 4% for ninth time in a row

India TV News  

Highlights RBI keeps repo rate unchanged at 4%. Consequently, the reverse repo rate stands at 3.35% RBI retains GDP growth target at 9.5% & CPI inflation projection at 5.3% in FY22 RBI said economy hauled itself out of its deepest contraction & 'we are prepared to deal with Covid' The Reserve Bank of India on Wednesday kept the benchmark interest …

RBI Monetary Policy Meet Today: Repo Rate, Policy Stance, Inflation, What to Expect
3 years ago

RBI Monetary Policy Meet Today: Repo Rate, Policy Stance, Inflation, What to Expect

News 18  

The Reserve Bank of India is set to announce the decision of its bi-monthly monetary policy on December 8. RBI monetary policy committee will keep the key lending rate or the repo rate unchanged at 4 per cent for the ninth straight meeting, said analysts. would force RBI to hold the rates until next meet by which time there would …

RBI Monetary Policy: Repo Rate, Reverse Repo Rate, Policy Stance — What to Expect
3 years, 6 months ago

RBI Monetary Policy: Repo Rate, Reverse Repo Rate, Policy Stance — What to Expect

News 18  

The Reserve Bank of India is likely to maintain status quo on benchmark interest rate in its second Monetary Policy Meet of this fiscal, scheduled on June 4. Experts believe the central bank will keep the policy rates unchanged and maintain accomodative stance on account of uncertainty over the impact of the second wave of COVID-19 and fears over inflation. …

India’s 10-year yield spikes as RBI bond-purchase results disappoint
3 years, 8 months ago

India’s 10-year yield spikes as RBI bond-purchase results disappoint

Live Mint  

The benchmark 10-year bond yield elevated on Thursday to its highest level in a week as the outcome of the first tranche of the Reserve Bank of India's bond-purchase programme disappointed traders while inflation concerns also weighed. RBI purchased ₹25,000 crore worth of bonds under G-SAP or government securities acquisition programme, under which it has committed to buying ₹1 trillion …

RBI keeps repo rate unchanged at 4%, maintains accommodative stance
3 years, 8 months ago

RBI keeps repo rate unchanged at 4%, maintains accommodative stance

India Today  

The Reserve Bank of India on Wednesday kept key interest rates unchanged and maintained an accommodative stance in the wake of rising Covid-19 cases in the country. The central bank’s Monetary Policy Committee kept the repo rate unchanged at 4 per cent, while the reverse repo rate has been maintained at 3.35 per cent. In his monetary policy address, RBI …

Surge in bond yields could drive growth off track: RBI
3 years, 9 months ago

Surge in bond yields could drive growth off track: RBI

Live Mint  

The Reserve Bank of India on Friday warned that rising bond yields could undermine the fragile global economic recovery, rendering most economies unable to tolerate high interest rates. In its latest currency and finance bulletin, RBI also pointed to the stubbornly high yields in the Indian bond market, cautioning that rising yields could prompt central banks to boost bond-buying. The …

Benchmark Yields May Jump to 6.4% by March 2022: Report
3 years, 9 months ago

Benchmark Yields May Jump to 6.4% by March 2022: Report

News 18  

In what could be worrying for both the Reserve Bank, which has successfully managed to keep the bond yields under check till January, and also the government in terms of higher interest payout, a report has warned that the benchmark yields can jump to 6.40 per cent by March 2022. Given the likely rate and liquidity normalisation expected next fiscal …

Bond investors see RBI curbing yields amid India’s supply deluge
3 years, 10 months ago

Bond investors see RBI curbing yields amid India’s supply deluge

Live Mint  

India is set to sell another Rs260 billion of bonds on Friday amid rising expectations that the central bank will step into the market to keep yields from rising too far. Surprise demand at a special auction of government debt on Thursday spurred talk that state-run banks and primary dealers were scooping up bonds to sell to the Reserve Bank …

Bond turmoil on India’s cash drain shows market fragility
3 years, 11 months ago

Bond turmoil on India’s cash drain shows market fragility

Live Mint  

The Reserve Bank of India’s first steps to revive money-market rates proved how fragile sentiment remains, as a spike in bond yields spurred policy makers to announce more buying to quell the turbulence and protect the economy’s nascent recovery. The central bank’s first 14-day reverse-repurchase operation since March saw rates on short-dated sovereign bonds rise as much as 33 basis …

Treasury bill yields rise in India after RBI’s cash move
3 years, 11 months ago

Treasury bill yields rise in India after RBI’s cash move

Live Mint  

India’s Treasury bill yields rose at an auction after the central bank took the first step toward paring back on some of its pandemic relief measures. The 190 billion rupees sale was the first sovereign auction since the Reserve Bank of India said late on Friday it plans to drain cash via a reverse repo operation. “After today’s T-bill auction, …

RBI squeezes money markets to spur selloff in shorter bonds
3 years, 11 months ago

RBI squeezes money markets to spur selloff in shorter bonds

Live Mint  

India’s key money-market rates and yields on short-term debt rose after the central bank took its first small step toward unwinding emergency pandemic measures. The interbank call rate rose to as much as 3.50% as against Friday’s weighted average of 3.18% while the yield on a five-year bond was up 10 basis points after the Reserve Bank of India said …

Short-term rates crash in India with funds overflowing with cash
4 years ago

Short-term rates crash in India with funds overflowing with cash

Live Mint  

A glut of cash chasing assets in India has caused short-term rates to plunge. Key borrowing costs like the weighted interbank call rate and collateralized money-market rates are way below the Reserve Bank of India’s benchmark in recent days, indicating investors such as mutual funds are accepting returns lower than what RBI’s deposit window would offer banks. “The RBI may …

Bond yields fall sharply: ’RBI comes in as Santa for bond markets’
4 years, 2 months ago

Bond yields fall sharply: ’RBI comes in as Santa for bond markets’

Live Mint  

In a slew of measures for easing of financing conditions and the provision of adequate liquidity, RBI has cheered the bond market investors. RBI's commitment to conduct adequate OMOs, first time OMOs of state development loans and On Tap TLTROs were amongst the major announcements to bring cheer to the bond markets. RBI came in as a Santa for the …

RBI rides to rescue, unveils steps to cool rising bond yields
4 years, 3 months ago

RBI rides to rescue, unveils steps to cool rising bond yields

Deccan Chronicle  

Mumbai: In a bid to cool rising bond yields and maintain market stability in the financial system, the Reserve Bank of India on Monday announced a slew of measures including two more tranches of special open market bond operations or ‘Operation Twist’ and additional term repo operations of Rs one lakh crore at a floating rate basis. The central bank …

RBI measures help bring 10-yr govt bond yield down by 17 bps, lowest in 3 months
4 years, 3 months ago

RBI measures help bring 10-yr govt bond yield down by 17 bps, lowest in 3 months

Live Mint  

The yield on government 10-year bonds fell over 17 basis points on Tuesday, the most in three months, after the Reserve Bank of India announced measures to allay the market fears over rising yields and higher borrowing programmes. It also announced additional open market operations worth ₹20,000 crore and term repo operations worth ₹1 trillion to infuse liquidity into the …

India bonds climb as RBI resumes operation twist to cool yields
4 years, 3 months ago

India bonds climb as RBI resumes operation twist to cool yields

Live Mint  

India’s central bank will resume its Federal Reserve-style Operation Twist after weak demand at two successive auctions and inflation concerns drove up yields. “This was expected given the panic response that saw yields surging in the last two sessions after Friday’s auction,” said Pankaj Pathak, debt fund manager at Quantum Asset Management Ltd. in Mumbai. “RBI needs to be more …

RBI’s silence on record India bond sales leaves traders baffled
4 years, 4 months ago

RBI’s silence on record India bond sales leaves traders baffled

Live Mint  

The Reserve Bank of India’s monetary policy review has come and gone but it’s done little to calm traders’ nerves over an unprecedented government bond supply. The market has so far been able to withstand the heavy government debt supply thanks to the central bank’s 115 basis points rate cuts this year and its Rs1.2 trillion of bond purchases from …

RBI Policy: Repo rate unchanged at 4%, to maintain accommodative stance
4 years, 4 months ago

RBI Policy: Repo rate unchanged at 4%, to maintain accommodative stance

Live Mint  

MUMBAI: The Reserve Bank of India on Thursday kept the repo rate, the key interest rate at which it lends to commercial banks, unchanged at 4%, according to a statement by the central bank governor Shaktikanta Das on Thursday. The reverse repo rate, the rate at which Reserve Bank of India buys securities from the same banks, was also kept …

India sold so many bonds that it had to retire its benchmark
4 years, 4 months ago

India sold so many bonds that it had to retire its benchmark

Live Mint  

India is selling so many bonds that the market can’t keep up. The government is retiring the current benchmark 10-year debt just two months after it was issued, compared to about 12 months for earlier offerings, to make way for a new issuance. “Earlier the new bond used to be issued only once in a year, now given the huge …

Discover Related