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 contract dropping to its lowest level for 2022 on Wednesday, driven by bigger-than-expected increases in U.S. fuel stocks. Bond yields rose on Wednesday, after the central bank's monetary policy committee raised its key policy rate by 35 basis points to 6.25%, the highest in over three years and its fifth straight increase, and vowed there will be no let up in its fight to tame high inflation.

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Fed's rate cuts and hawkish outlook: Implications for Indian markets
30 minutes ago

Fed's rate cuts and hawkish outlook: Implications for Indian markets

Live Mint  

The US Federal Reserve's decision to cut interest rates by 25 basis points in its December 2024 policy meeting has raised questions about how this move might influence India’s monetary policy and asset classes. With the Fed signalling a slower pace of rate cuts in 2025, foreign capital inflows into India could diminish, especially as US treasury yields become increasingly …

Can US Federal Reserve’s revised rate cut outlook accelerate FII outflows from Indian stock market?
4 days, 23 hours ago

Can US Federal Reserve’s revised rate cut outlook accelerate FII outflows from Indian stock market?

Live Mint  

The US Federal Reserve’s recent monetary policy decisions have sparked widespread debate about their implications for global markets, including India. While this move aligns with market expectations, the Fed’s hawkish outlook for future rate cuts has raised concerns about reduced foreign inflows into Indian markets. US Fed's cautious approach hurts Indian markets Indian stock markets faced a sharp decline on …

India, US bond yield spread at near 2-decade low, may impact foreign flows
6 days ago

India, US bond yield spread at near 2-decade low, may impact foreign flows

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 19 - Spreads between India and U.S. bond yields plummeted to their lowest levels in nearly two decades in the aftermath of the Federal Reserve delivering a hawkish rate cut at the end of its policy meeting on Wednesday. U.S. yields surged while the slower pace of rise of Indian yields led to a tighter …

How Indian stock market reacts after US Federal Reserve lowers interest rates | Know here
6 days ago

How Indian stock market reacts after US Federal Reserve lowers interest rates | Know here

India TV News  

Indian stock markets saw a sharp decline on December 19, 2024, following a sell-off in global markets triggered by the US Federal Reserve’s projections for fewer rate cuts in 2025. Global market trends affect domestic markets The decline in Indian markets was due to the US. Global markets reflect similar trends Asian markets mirrored the Indian market’s negative performance. Outlook …

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade
6 days, 1 hour ago

Indian Rupee Decline: Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trade

The Hindu  

The rupee dropped 12 paise to an all-time low of 85.06 against the US dollar in early trade on Thursday, as a hawkish tilt from the US Federal Reserve sparked a broad dollar rally. Forex traders said the US Federal Reserve has adjusted its projections for 2025, signalling a more cautious monetary policy stance, pressuring emerging market currencies, including the …

US Fed cuts key interest rates by 0.25%: 3 key takeaways for stock markets
Top News
6 days, 6 hours ago

US Fed cuts key interest rates by 0.25%: 3 key takeaways for stock markets

India Today  

Stock markets are expected to open lower on Thursday, following a global market slump after the US Federal Reserve cut interest rates by 25 basis points. GLOBAL MARKET REACTIONS Wall Street reacted negatively to the Fed’s announcement, with all three major US indices—Dow Jones, S&P 500, and Nasdaq—posting their biggest single-day losses in months. Gift Nifty, an indicator for the …

US Fed rate cut decision: How will it impact Indian stock markets?
6 days, 6 hours ago

US Fed rate cut decision: How will it impact Indian stock markets?

India Today  

Benchmark stock market indices have been under pressure over the past few sessions, extending losses as global cues remain weak. Palka Arora Chopra, Director at Master Capital Services Ltd., highlighted the global fallout: "The US Federal Reserve's recent 0.25% interest rate cut, accompanied by their indication of a more measured pace of future reductions, has triggered a wave of uncertainty …

US stocks end higher ahead of Fed, bitcoin surges
1 week, 1 day ago

US stocks end higher ahead of Fed, bitcoin surges

Live Mint  

By Stephen Culp NEW YORK - Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S. Treasury yields paused and investors readied for a busy central bank week. Investors will scrutinize the Fed's Summary of Economic Projections and its "dot plot," which maps out the central bank's future rate cut path, which has …

Global stock index falls, bond yields rise ahead of rate decisions
1 week, 4 days ago

Global stock index falls, bond yields rise ahead of rate decisions

Live Mint  

* Wall Street stocks end close to flat, Europe ends down * Oil prices settle higher, * Dollar rises against yen, falls against the Euro By Sinéad Carew and Harry Robertson NEW YORK/LONDON Dec 13 - MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from …

India bond yields seen a tad higher ahead of debt supply
1 week, 5 days ago

India bond yields seen a tad higher ahead of debt supply

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 13 - Indian government bonds are expected to rise marginally in early deals on Friday, as market participants await a fresh supply of debt through the weekly auction, while elevated U.S. yields will continue to weigh on sentiment. New Delhi aims to raise 370 billion rupees through the sale of bonds later in the day, …

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 …

Rupee ends marginally lower, near-term bearish bias tipped to persist
2 weeks, 1 day ago

Rupee ends marginally lower, near-term bearish bias tipped to persist

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 9 - The Indian rupee closed slightly weaker on Monday, weighed down by a decline in its Asian peers with analysts expecting the local currency to continue facing headwinds amid persistent strength in the U.S. dollar. While U.S. labour market data released on Friday drove U.S. bond yields lower on heightened expectations of a Federal …

Stock market strategy: Should you increase your fixed income allocation as bond yields spike after RBI policy?
2 weeks, 3 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 …

Indian bond yields inch higher on profit taking; debt sale eyed
3 weeks, 1 day ago

Indian bond yields inch higher on profit taking; debt sale eyed

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 3 - Indian government bond yields moved marginally higher in early trading on Tuesday, as traders cashed in profits from a two-session price rally after weaker-than-expected economic growth data, while a fresh debt supply was in focus. The yield declined by 10 basis points since data on Friday showed India's economic growth slowed much more …

Current yields bolster case for longer-term India bond investments, HDFC AMC says
Trending News
3 weeks, 1 day ago

Current yields bolster case for longer-term India bond investments, HDFC AMC says

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 2 - Indian government bond yields are "attractive," and macroeconomic indicators such as slowing growth and demand-supply dynamics are bolstering the case for longer-duration fixed income investments, an executive at India's third-largest asset manager said. ".Given the macroeconomic factors are favourably placed, the current level of yields present an opportunity to increase duration on risk-reward …

India 10-year bond yield hits 2-month low on growing policy easing bets
Trending News
3 weeks, 2 days 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, 1 day 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
1 month 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 rupee to gauge portfolio flows, bond yields to eye US peers
1 month ago

India rupee to gauge portfolio flows, bond yields to eye US peers

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Nov 25 - The Indian rupee will track portfolio flows this week as a global equity index rejig comes into effect, amid foreign portfolio outflows from local stocks and bonds, while government bond yields will track U.S. Treasuries. U.S. personal consumption expenditure data, due Wednesday, will also be in focus this week to …

India bond yields inch up ahead of debt sale on Friday
1 month ago

India bond yields inch up ahead of debt sale on Friday

Live Mint  

By Dharamraj Dhutia MUMBAI, Nov 21 - Indian government bond yields trended marginally higher in early deals on Thursday as U.S. yields stayed elevated, while market participants awaited fresh supply through a weekly debt auction on Friday. New Delhi will sell benchmark bond worth 220 billion rupees, which will help increase liquidity and trading in this paper, as well as …

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

Oil Steadies With Surging Dollar and Chinese Demand to the Fore
1 month, 1 week ago

Oil Steadies With Surging Dollar and Chinese Demand to the Fore

Live Mint  

-- Oil steadied — after touching the lowest this month on Wednesday — as a surging US dollar weighed on commodities, and concerns about demand growth clouded the outlook for prices. China’s weakening profile in the global oil market was highlighted midweek, with the US Energy Information Administration saying India was now the leading source of demand growth in Asia …

Indian bond yields rise ahead of domestic, US inflation data
1 month, 1 week ago

Indian bond yields rise ahead of domestic, US inflation data

Live Mint  

Mumbai:Indian government bond yields ended slightly higher after a range-bound trading session on Monday, with investors awaiting domestic and U.S. inflation data for clues on the outlook for interest rates. Data due on Tuesday is expected to show that India's retail inflation climbed to a 14-month high of 5.81% in October, primarily due to higher vegetable and edible oil prices. …

Oil gains 1% in five days on US elections, Fed rate cut; Brent sits 2% lower to $73 dragged by subdued China stimulus
1 month, 2 weeks ago

Oil gains 1% in five days on US elections, Fed rate cut; Brent sits 2% lower to $73 dragged by subdued China stimulus

Live Mint  

International crude oil prices settled more than two per cent lower in the previous session as traders grew less fearful of prolonged supply disruptions from a strong hurricane in the US Gulf of Mexico, while top importer China's latest economic-stimulus packages failed to impress some oil traders. Despite Friday's losses, oil prices gained more than one per cent week-over-week, drawing …

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 …

Rupee unlikely to benefit from softer US payrolls, upbeat risk
7 months, 2 weeks ago

Rupee unlikely to benefit from softer US payrolls, upbeat risk

Hindustan Times  

By Nimesh Vora Rupee unlikely to benefit from softer US payrolls, upbeat risk MUMBAI, - The Indian rupee is likely to open largely unchanged on Monday, despite a drop in U.S. Treasury yields and the dollar after the monthly U.S. jobs report made it more likely that the Federal Reserve will cut interest rates later in the year. The 10-year …

Are Indian stock markets about to crash? Keep an eye on US data
8 months, 3 weeks ago

Are Indian stock markets about to crash? Keep an eye on US data

New Indian Express  

For most of 2022 and 2023, stock markets across the world were kept under a tight leash by the US Federal Reserve, with its continuous interest rate hikes and relentlessly dismal commentary. This so-called 'Fed pivot' came as a shock to many, as the Fed had consistently maintained a tough stance on inflation, vowing to keep interest rates high until …

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 …

Oil prices slump 4% after OPEC+ postpones output policy meeting to November 30; Brent drops to $79/bbl
1 year, 1 month ago

Oil prices slump 4% after OPEC+ postpones output policy meeting to November 30; Brent drops to $79/bbl

Live Mint  

Oil prices plunged 4 per cent on Wednesday, November 22, after the Organisation of Petroleum Exporting Countries and it allies unexpectedly delayed the policy meeting on output planned for Sunday, raising questions about the future course of crude production cuts. {{^adFree}} {{/adFree}} Back home, on the Multi Commodity Exchange, crude oil futures due for a December 18 expiry, was last …

Rupee likely to remain rangebound despite drop in US dollar, yields, oil prices
1 year, 1 month ago

Rupee likely to remain rangebound despite drop in US dollar, yields, oil prices

Live Mint  

After hitting a record of 83.42 against the US dollar on November 10, the Indian rupee has stabilised and is expected to witness a rangebound movement going into the next week amid lack of fresh triggers, analysts said. “The recovery in the domestic equities backed by foreign fund inflows and lower crude oil prices are providing support to the local …

Oil reports weekly loss on easing geopolitical risk premium; Brent at $84/bbl
1 year, 1 month ago

Oil reports weekly loss on easing geopolitical risk premium; Brent at $84/bbl

Live Mint  

Oil prices settled more than 2 per cent lower in the previous session as supply concerns driven by Israel-Hamas tensions eased, while jobs data raised expectations the US Federal Reserve could be done hiking interest rates in the biggest oil consuming economy. The US Fed held interest rates steady last week, while the Bank of England kept rates at a …

US bond yields rise above 5% for first time after 2007 on hawkish Fed policy
1 year, 2 months ago

US bond yields rise above 5% for first time after 2007 on hawkish Fed policy

Live Mint  

The benchmark US 10-year US Treasury bond yields rose above the 5 per cent -mark for the first time since 2007 on Monday, October 23, touching its 16-year high level after the Federal Reserve reiterated its hawkish stance to anticipate more rate hikes this year. The Euro zone government yields rose sharply on Monday as a sell-off in global bond …

Global market: US treasury yields to SGX - Key triggers for Indian stock market
1 year, 8 months ago

Global market: US treasury yields to SGX - Key triggers for Indian stock market

Live Mint  

US shares slipped on Tuesday while treasury yields fell after rising and gold rose as investors anticipate higher interest rates by the Federal Reserve in the path ahead. Indian indices may witness a higher start as SGX Nifty, Singapore Nifty that is the Indian Nifty traded in the Singapore Stock Exchange, indicates a green opening for the Indian stock market …

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 …

Rupee, bond yields seen in narrow range as 2022 ends
1 year, 11 months ago

Rupee, bond yields seen in narrow range as 2022 ends

Live Mint  

The Indian rupee and government bond yields are expected to trade in a narrow range amid thin volume this week, the last of 2022, due to the lack of major triggers, with the rupee also likely to continue to benefit from the central bank's support. Indian government bond yields, too, may remain largely rangebound in thin trading volume as the …

Rupee jumps the most against US dollar in a month, bond yields drop
2 years ago

Rupee jumps the most against US dollar in a month, bond yields drop

Live Mint  

Indian government bond yields edged lower today while rupee jumped sharply against the US dollar after a cooler-than-expected rise in US consumer prices buoyed bets for a slowdown in rate hikes by the Federal Reserve. The US data comes after India's retail inflation reading showed a moderation, rising 5.88% in November against a 6.77% increase in October. Similar to retail …

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 …

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 tad higher as oil prices recover, GDP data eyed
2 years ago

Bond yields tad higher as oil prices recover, GDP data eyed

Live Mint  

Indian government bond yields ended marginally higher on Tuesday as recovery in global crude oil prices weighed on investor sentiment while some traders also trimmed holdings ahead of the GDP data due on Wednesday. The benchmark 10-year government bond yield ended at 7.2791%, after closing 3 basis points lower at 7.2736% on Monday. Oil prices rose by over 2% on …

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 …

Oil prices up 1% on decline in US crude inventory
2 years, 1 month ago

Oil prices up 1% on decline in US crude inventory

Live Mint  

NEW DELHI: Global crude oil prices rose over 1% on Wednesday following a decline in US stockpiles. Rahul Kalantri, vice president for commodities at Mehta Equities, said, “Despite aggressive interest rate hikes by the US Fed so far, crude oil demand has remained robust, as per the industry data released on Tuesday. The American Petroleum Institute reports showed crude oil …

Indian stocks slump on global monetary policy tightening; Rupee at new low
2 years, 3 months ago

Indian stocks slump on global monetary policy tightening; Rupee at new low

India TV News  

Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. Meanwhile, Rupee tasted yet another lifetime low on Friday morning after the US dollar index strengthened to a two-decade high this week, on hopes that demand for safe-haven …

Oil prices fall on rate hike fears, demand concerns
2 years, 3 months ago

Oil prices fall on rate hike fears, demand concerns

Live Mint  

NEW DELHI: Global crude oil prices fell in early deals on Monday in anticipation of interest rate hikes by the US Federal Reserve and European Central Bank to tame rising inflation. Ravindra Rao, head of commodity research at Kotak Securities, said, “NYMEX crude trades over 1% lower weighed down by demand concerns amid China’s virus spread. Crude may remain volatile …

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 …

India’s currency could keep falling without failing us
2 years, 5 months ago

India’s currency could keep falling without failing us

Live Mint  

The Indian rupee has historically weakened against the US dollar, but bouts of volatility never fail to set alarm bells ringing. A ‘shock’ could take the form of sharp interest rate increases by systemically important central banks, such as the US Federal Reserve, geopolitical developments, oil price volatility, or a financial crisis—all of which create a risk-off scenario, leading to …

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 …

India better placed to avoid risk of stagflation: RBI officials
2 years, 6 months ago

India better placed to avoid risk of stagflation: RBI officials

The Hindu  

India’s economy is better placed than many other countries to avoid the risk of potential stagflation, Reserve Bank of India officials headed by Deputy Governor Michael D. Patra wrote in an article in the June edition of the RBI Bulletin. “Global economic conditions continued to deteriorate as ratcheting up of commodity prices and financial market volatility have led to heightened …

US Fed Hike: Know How Stocks, Rupee And Bonds in India Are Reacting
2 years, 6 months ago

US Fed Hike: Know How Stocks, Rupee And Bonds in India Are Reacting

News 18  

Though the US Federal Reserve has raised its key interest rate by 75 basis points, the biggest hike in the past 28 years, the markets in India so far seem unaffected. After touching the all-time low on Wednesday, the rupee on Thursday strengthened by 15 paise to 78.07 against the US dollar in opening trade following the US Federal Reserve …

US Fed Raises Rates By 75 bps; Biggest Hike in 28 Years: What Investors Should Know
2 years, 6 months ago

US Fed Raises Rates By 75 bps; Biggest Hike in 28 Years: What Investors Should Know

News 18  

The US Federal Reserve has raised its key interest rate by 75 basis points, which is the highest since 1994. The Federal Open Market Committee directs the Open Market Desk to undertake open market operations as necessary to maintain the federal funds rate in a target range of 1-1/2 to 1-3/4 per cent; to conduct overnight repurchase agreement operations with …

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