BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
The Reserve Bank of India had announced on July 5, 2021 that it would introduce a new 10-year Government of India security at the auction to be held on July 9, 2021.
As per the auction results, an amount of Rs 140 billion has been accepted under the new GS 2031, at a cut-off yield of 6.1%, which is in line with market expectations.
We expect the yield for the new 10-year benchmark (06.10 GS 2031) over the next quarter to be determined by the open market operations to be conducted by the RBI, the evolving fiscal situation of the Government of India, the trajectory of crude oil prices, inflation and domestic monetary policy outlook, and to an extent, the U.S. treasury yields.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.