So, if you look at for March, GST is 1.6 trillion, no one is even talking about it. And that is not the March effect because that will show up in April. It comes with a lag. And if you look at both the PMI for manufacturing and services, it is pretty robust.
Treasury heads in buying mode as 5-year yield jumps
With government bond yields now at attractive levels, treasury heads are actively thinking about making purchases. After the RBI’s FCNR(B) scheme ended, the five-year bond