The Reserve of India (RBI) doesn’t have a selected goal for the yield curve however and focuses on the orderly evolution of it, Governor Shaktikanta Das stated on Friday.
“We are focusing on orderly evolution of the yield curve. We do not have a specific target of a yield curve,” Mr Das advised reporters after the publish financial coverage convention.
He stated the central financial institution does well timed intervention available in the market as and when required.
Mr Das stated intervention isn’t just publish the first public sale of presidency securities, but additionally by numerous measures like Government Securities Acquisition Programme (G-SAP), Open Market Operations (OMO), operation twist, and likewise by intervention within the secondary market.
