I expect that we will see a clarification from RBI that even at 5% inflation, if they need to cut the rates, they can cut rates, says Jayesh Mehta, MD & Country Treasurer, BofA - Merrill Lynch.
What could have led to this kind of a spike in the yields and what does it potentially indicate for the global markets as well as our own?
There are two different parts which are playing out. We are kind of aligned with US yields but there are two different things playing out very clearly.
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