India bonds dip as RBI's diaspora swap move dents sentiment
· economictimes.indiatimes.com
Early Monday saw a dip in demand for Indian government bonds following the RBI's closure of its swap window. This decision caused the benchmark bond yield to surge, hindering a crucial source of demand. Inflows exceeding $52 billion resulted in foreign exchange reserves hitting a four-month peak. Additionally, the surplus of banking system liquidity saw a threefold increase, while swap rates escalated.
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