Positive Market Sentiment as RBI Rate Cut and G-Sec Buyback to Lower Bond Yields
The Reserve Bank of India (RBI) has injected a wave of positive momentum into the financial markets with a surprise rate cut that, when combined with the government’s announcement of a massive Rs 26,000 crore Government Securities (G-Sec) buyback, is likely to lower bond yields significantly in the coming weeks. This development is being viewed…