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RBI bond auction: Intention is to partly reverse sell-off seen in bond yields, says I-Sec PD

Updated : December 20, 2019 02:53 PM IST

With RBI clearly giving the yield signal, the yields could settle between 6.50 percent and 6.75 percent range.
The sale and purchase of government securities will happen through an auction on December 23 to infuse liquidity.
Bar for further easing is high. See 15-25 bps of rate cut, most likely in the next fiscal.

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