Is it time for RBI to pay attention to yield signals from the bond market for its monetary policy?
The 10-year government bond yield is a benchmark that determines the interest-rate environment in the debt market. While there are several bonds traded in India, this bond attracts the most attention. Since June, its yield has stubbornly stayed in a 6.40-6.60% range. This is notwithstanding the fact that the Reserve Bank of India (RBI) has…
