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RBI policy verdict, guidance to drive nervous bond market traders
MUMBAI: Indian government bonds are likely to open largely unchanged on Wednesday, as markets brace for the central bank’s monetary policy decision, with an interest rate hike already priced in and the possibility of further liquidity withdrawal on the cards. The benchmark 6.94% 2036 bond yield may trade in a 7.18%-7.20% band till the policy decision at 10 a.m. IST, a trader with a primary dealership said, after ending at 7.1928% on Tuesday. Bond yields rise when prices fall. Overall sentiment remained cautious as investors braced for a hawkish monetary policy decision, with some fearing addit...
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