Government bond yields decline after RBI’s cash injection

Government bonds surged Wednesday as the RBI injected Rs 2.9 lakh crore to ease tight liquidity, pushing the benchmark 10-year yield down to 6.54%. This significant drop follows open market bond purchases and a dollar-rupee swap, aiming to stabilize borrowing costs and support economic growth amidst market concerns.

Government bond yields decline after RBI’s cash injection
Government bonds surged Wednesday as the RBI injected Rs 2.9 lakh crore to ease tight liquidity, pushing the benchmark 10-year yield down to 6.54%. This significant drop follows open market bond purchases and a dollar-rupee swap, aiming to stabilize borrowing costs and support economic growth amidst market concerns.