Synopsis
The benchmark bond yield on Thursday dipped as much as 7 basis points to 5.94 per cent, pushing prices up.
MUMBAI: The benchmark bond yield dropped well below the crucial 6 per cent mark on Thursday, calming the debt market in a development that will help lower the federal funding costs at a time when New Delhi is seeking to borrow more.While the Reserve Bank of India (RBI) is suspected to have intervened in the secondary market, it also accepted additional bids in a special auction held on Thursday offering yields slightly higher than market
Share This Article
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
Monthly
₹399
No Trial Period
Yearly
(Save 49%)
₹2499
15 Days Trial +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp.
2-Year
(Save 63%)
₹3599
15 Days Trial +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp.
Already a Member? Sign In now
Why ?
Sharp Insight-rich, Indepth stories across 20+ sectors
-
Access the exclusive Economic Times stories, Editorial and Expert opinion
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community -
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
