In an interview to CNBC-TV18, Suyash Choudhary, Head of Fixed Income, IDFC Mutual Fund spoke about the lifeline from Reserve Bank of India and expected liquidity crunch.
The bond markets got a big boost yesterday as the Reserve Bank of India (RBI) announced that it will buy bonds worth Rs 10,000 crore on November 24. Suyash Choudhary, head of fixed income at IDFC Mutual Fund expects the total amount of infusion to be between Rs 60,000-70,000 crore.
According to Suyash Choudhary, Head of Fixed Income at IDFC Mutual Fund, the 10 year (G-Sec) is very close to its near-term historic high, so investors do perceive value at these levels.
The government has said it will borrow 60% or Rs 2.5 lakh crore of the total budgeted market borrowings in the first half (April-September) of the 2011-12 fiscal. Suyash Choudhary, Head of Fixed Income at IDFC Mutual Fund in an interview on CNBC-TV gave his reaction to the latest numbers coming in.