Reserve Bank of India (RBI) is towards the end of rate cut cycle, says Vivek Rajpal of Nomura India. He further says that bond yields will rally only by 5-10 basis points (bps) if RBI cuts rate by 25 bps and expect the 10-year bond yield is unlikely to go to the level of 6.35.
first published: Feb 8, 2017 10:09 am
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