Indian bond yields rise after central bank cuts swap deadline
First publishedAug 17, 12:08 UTC
Last updatedAug 17, 14:13 UTC · 14m ago
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Investing.com · Economy
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Answer
Indian bond yields rose after the Reserve Bank of India cut the swap deadline.
Reported by 1 outlet — Investing.com · Economy. See all sources ↓
The Reserve Bank of India cut the swap deadline. This means that banks can now get money from the central bank for a shorter time. As a result, Indian bond yields rose.
Why it matters
This news is important because it affects the cost of borrowing money in India. It can also influence the country's economy.
In brief
- What is a swap deadline?
- A swap deadline is the time when banks can get money from the central bank.
- What happened to Indian bond yields?
- They rose after the Reserve Bank of India cut the swap deadline.
- Why is this news important?
- It affects the cost of borrowing money in India and can influence the country's economy.
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The Reserve Bank of India cut the swap deadline.
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