RBI rate cut cycles see bond yield fall below repo rate: Mahendra Jajoo
  • WebDesk BTVI
  • Jul 16 2019

Mahendra Jajoo from Mirae Asset talks about bond yields dropping to 29-month low and says lower growth and inflation are the key reasons behind it. He says the fiscal deficit is challenging, which in turn leads to doubts on government’s revenue collection target. He adds that historically bond yield falls below repo rate when RBI is on a rate cut cycle and expects bond yield to fall below 6% mark.