Interest rates News
Stock market, rupee rise after RBI repo rate cut
The government bond yields and swaps fell, while the rupee and stocks gained after the Reserve Bank of India cut the repo rate by a bigger-than-expected 50 basis points, though it kept the cash reserve ratio (CRR) unchanged. However, movements were tempered as the central bank said that the scope for further rate cuts was limited. The 10-year bond yield was trading at 8.38 percent, down from Monday's
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