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RBI Governor Plays Down Bond Market Rift

INDIA

Comments from RBI's Das hitting the wires, so far nothing inflammatory from the RBI governor, has reiterated that the bank plans to conduct INR 3tn of OMOs, and cautioned over a resurgence in coronavirus cases.

  • There's no fight between RBI and bond mkt
  • Reiterates plan for minimum inr3t of OMOs next FY
  • There should be orderly evolution of yield curves
  • `Not out of the woods yet' as fresh cCvid outbreaks occur
  • Will keep rupee stable
  • No internal target on forex reserves
  • Forex reserves is a dynamic situation
  • Don't foresee lockdown like situation this year
  • Growth rate in next year won't require downward revision

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