RBI balancing borrowings with yields
March 27th, 2009
Bond prices saw a huge fall today and were down by around Rs 1.50 after the government announced a massive Rs 2.4 lakh crore borrowing programme from April to September. However, the Reserve Bank of India (RBI) Governor has assured that the borrowings will be done without disturbing yields too much. CNBC-TV18’s Latha Venkatesh reports in details.