Bond yields are expected to jump 15-20 basis points when the market opens on Monday, in case the Reserve Bank of India (RBI) decides not to announce any open market operation (OMO) support, to help manage the huge spike in the government's borrowing programme. On Friday, after markets closed, the government said it would be borrowing Rs 12 trillion for the full fiscal, instead of the originally planned Rs 7.88 trillion, due to the coronavirus (Covid-19) pandemic.
Is your mutual fund overlapping putting your investments at risk? How to identify and avoid it!
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