India's short-term rates curve inverts further as rate cuts loom
- Posted on October 9, 2024
- By Business News Today
- 5 Views
India's short-term rates curve inverts further as rate cuts loom
India's ultra-short-term rates have dipped below the central bank's benchmark interest rate due to an easing monetary policy stance and added liquidity. The Reserve Bank of India recently sold 91-day Treasury bills at lower yields, prompting expectations of imminent rate cuts amidst ample banking system liquidity.
