Since longer-maturity yields are proving hard to keep down, RBI could sell short-term bonds and buy long-range securities
The synchronized global economic revival that began in 2017 now seems to be gasping for air. There are indications of a slowdown in almost every major economic area—the US, China, Europe, Asia, Japan. The Indian economy is also losing momentum. Indian economic growth in the fourth quarter of the fiscal year that ends on 31 March is likely to be around 1.7 percentage points lower than in the first quarter.