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Talking does only so much, RBI swings into action

Bond purchase calendar may prevent yields from spiking sharply

April 07, 2021 / 01:49 PM IST
Talking does only so much, RBI swings into action

RBI Governor Shaktikanta Das (file image)

There were no surprises in the statement of the Monetary Policy Committee (MPC) – with the second wave of COVID-19 cases leading to greater uncertainty, the panel left the policy rate unchanged and retained its accommodative stance. The bigger news from Mint Street was the Reserve Bank of India announcing a calendar for open market operations as it tries to end a tug-of-war with the bond market. It is too early in the second wave of lockdowns to predict how...

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