Bond yields dip on value purchase at start of the New Year
The Reserve Bank of India raised the repo rate by 225 basis points to 6.25% in 2022 and most market participants expect the central bank to go on a long pause after another hike to 6.50% next month.Long-term players like insurance companies and pension funds have received inflows, which went towards government bond purchases given the lack of any major debt supply at the start of the new year.
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