It just hit me that with the fixed Income markets moving so tenuously, the yields of 8.44% ruling on 10?Y today will likely be wiped out within2 weeks of the trading after a 25 bp rate cut, as markets also expect yuields to go back to even 9% and RB I unliky to follow up with OmOs so diligently after the rate cut. 

The Rupee fortunately has a lot of head room in the new range , coming in to policy week at above 51, with March GDP likely to stay near 6% than 6.9%

Posted via email from The India Investment Post