Rupee, bond prices fall after RBI cuts repo rate

Rupee, bond prices fall after RBI cuts repo rate

#Rupee and bond prices fell after the monetary policy committee of the #ReserveBankofIndia cut repo rates by 25 basis points to 5.15 percent on October 4. The rupee was trading flat at 70.88 per #dollar, while 10-year government bond yield was at 6.62 percent, up 24 basis points. Bond yields and prices move in opposite directions. A rate cut of 25 basis points was expected and the market had already factored it in, experts said.

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Published on Oct 4 2019 12:13AM, by wealthbuildup in Currency| Share This


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