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More RBI measures needed to sustain yields at current levels: MS Gopikrishnan, ex-head of financial markets, Standard Chartered Bank


Yields could move marginally lower on this announcement, but for the yields to sustain these levels, RBI has to announce more OMOs/Operation Twists in the coming months.

With the government having announced additional borrowing this fiscal, the bond market has shown signs of concern over consistent supply of high-quality government securities. MS Gopikrishnan, independent market expert and former head of financial markets at Standard Chartered Bank, India, during an interview with FE’s Bhavik Nair, said more OMOs/Operation Twists would be needed in the coming months for the yields to sustain at current levels. Edited excerpts:

With RBI ...


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