Government sticks to its borrowing calendar for the financial year but does not rule out additional borrowing if the need arises reiterates in talks with the Reserve Bank of India (RBI) for additional dividend.
In an interview to CNBC-TV18, Venkat Nageswar Chalasani, Deputy Managing Director – Global Markets, State Bank of India assesses the impact on bond market.
Assume that the supply during the last second half of the year would be lower and the demand would be on the higher side and going forward, I am also looking the yields coming down, he said.
Yield could soften to 6.30 percent by March 2018, he added.
For full interview, watch accompanying video...
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
