Synopsis
“The market is looking for explicit guidance in advance,” said Lakshmi Iyer, chief investment officer (debt) at Kotak Mahindra Asset Management Co. “There is probably a timing disconnect between RBI action and market perception. The gap needs to be plugged.”
Mumbai: The Reserve Bank of India’s Rs. 50,000 crores efforts in a week to stem the slide in bond prices went down the drain as the yields surged back past 6 percent in an environment where outlook on inflation is getting muddy and the communication is getting garbled.Intervention in the market post the monetary policy review earlier this month that led a spike in yields is giving way to pessimism that the central bank’s communication and
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 AdsComment & 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