Bonds, rupee slide as RBI's dovish pivot falls short
10-year bond yield rose 0.0770% to 7.3480% while rupee fell 1.07% to ₹69.16 per dollar after RBI's policy annoucement
RBI cut its benchmark repo rate by 25 bps to 6% but maintained its policy stance at neutral citing upside risks to the economy
Mumbai: Sovereign bonds slid, dragging down the rupee, as some traders were disappointed that the central bank wasn’t more dovish in its policy statement.
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