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 yield closed at 6.52%. Although there’s speculation about a delay in renewed buying due to upcoming policy minutes, the banking sector’s liquidity remains robust, with funds ready to be invested shortly.
Dollar wobbles as investors balk at US Treasury’s rescue efforts
The dollar faced a decline on Friday, ending the week lower amid investor worries. Concerns arose over the U.S. Treasury’s bond buyback, which many viewed