The RBI is furious with bond traders. Here’s why
Even as the RBI tries to ensure an orderly evolution of the yield curve, bond vigilantes could hamper a global economic recovery, unsettle markets, and trigger capital outflows from emerging markets.
Even as the RBI tries to ensure an orderly evolution of the yield curve, bond vigilantes could hamper a global economic recovery, unsettle markets, and trigger capital outflows from emerging markets.
Minutes of RBI’s Monetary Policy Committee meeting highlight that members were divided on the space for future rate cuts.
Michael Patra, who will take over as the fourth deputy governor, is likely to manage key portfolios such as monetary policy.