India's benchmark bond yield could drop to a two-year low in the latter half of 2024 as the government unexpectedly cutting its borrowing target for 2024-25 turns demand-supply dynamics favourable, ICICI Bank's head of treasury said on Thursday. "We feel that beyond the middle of this calendar year, by the July-September quarter, we could see the benchmark bond yield touching at least 6.75% if not lower," said B. Prasanna.
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