Rediff.com » Business
Govt bond yield spike temporary, says Chidambaram
By Neha Dasgupta
November 19, 2013 17:56 IST
Indian Finance Minister Palaniappan Chidambaram on Tuesday called a recent spike in government bond yields temporary, while saying the central bank could take some steps to bring the yields down should food inflation moderate.
"Interest rates in G-secs (government securities) have risen temporarily, but we hope that some measures the RBI will take, and when the next set of inflation figures come, if food inflation moderates, it's possible that the G-sec rates will go down," Chidambaram said at a news briefing in Mumbai.
Bond yields have risen since the Reserve Bank of India raised interest rates for a second consecutive month on October 29.
Image: P Chidambaram
Source:
REUTERS© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Recommended by Rediff.com
Rupee sees biggest one-day gain in seven weeks
PHOTOS: Amitabh, Aishwarya, Aamir light up Tendulkar's farewell party
SBI classifies its Rs 250 cr of dues as bad loans
Fleeing multinationals mean India needs hot money
What triggers Sensex's split personality
© 2024 Rediff.com