If the volatility in the financial market continues for a prolonged period, it could also result in important implications for asset prices
The development would attract higher foreign flows as many overseas funds are mandated to track global indices
From Centre considering to issue G-secs with no limit for FPIs to more allotment for pensions that salaries in defence budget, here are top business headlines of the day
India may get included in global bond indices soon
There is fear that the RBI has no wiggle room for further rate cuts. Without rate support, yields will rise. This translates into a fall in prices for bonds
The fall in 10-year G-Sec yields is estimated to benefit state-owned banks by Rs 5,760 crore; Nifty PSU Bank rises 3%
Earlier this week, the central bank had conducted a similar open market operations (OMO) and purchased securities worth Rs 10,000 crore and sold worth Rs 6,825 crore
"This would open up a new channel for non-residents to undertake transactions in central government securities," the RBI Annual Report said
Doing away with the need for broad-basing of funds is expected to attract several new offshore funds to the country
Retail investors can invest in T-Bills of 91 days, 182 days and 364 days and various government bonds from one year to almost 40 years through this app
The app will be available to all the registered investors with NSE's trading members
The G-secs limits include a cap of Rs 1,89,700 crore in general securities, up from Rs 1,87,700 crore earlier
If you have a demat account, request your bank for access to RBI's bond trading platform