The 10-year bond yields are approaching the 7.50 percent mark with markets anticipating another rate cut at the upcoming RBI credit policy, says Ashutosh Raina of HDFC Bank.
Ashutosh Raina of HDFC Bank said, "The earlier than expected rate cut by Reserve Bank of India (RBI) last week has spurred the Indian markets; with currency, equity and bond markets rallying. The USD / INR currency pair is back in 61-62 range with appreciating bias."
He further added, "The 10-year bond yields are approaching the 7.50 percent mark with markets anticipating another rate cut at the upcoming RBI credit policy.
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