India bond yields surge, market expects more RBI intervention
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Swati Bhat
, Reuters
Bond yields have seen an upward bias as investor appetite has been low despite the RBI s assurance that it would provide ample liquidity and ensure a smooth government borrowing programme
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MUMBAI :
Indian bond yields surged on Monday, tracking a rise in US Treasury yields and as underwriters sold off bonds in the open market they were forced to buy at an auction on Friday.
Bond yields have seen an upward bias as investor appetite has been low despite the Reserve Bank of India s assurance that it would provide ample liquidity and ensure a smooth government borrowing programme.
Maharashtra: Mumbai imposes fresh restrictions after spike in Covid-19 cases
A security guard holds an infrared thermometer while standing at the entrance of a building
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. Updated: 22 Feb 2021, 03:20 PM IST AFP
All religious, social and political gatherings are banned in the city and the surrounding western state of Maharashtra, home to 110 million people
Maharashtra chief minister Uddhav Thackeray said he was worried about the severity of a second wave if it hits the state
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India s financial capital Mumbai imposed fresh coronavirus restrictions on Monday as a rise in cases in the worst-affected region sparked fears of a new wave, while the country s vast inoculation drive fell behind schedule.
India offers $100 mn line of credit to Mauritius to procure defense assets
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(ANI Photo )
. Updated: 22 Feb 2021, 04:51 PM IST PTI
Two countries signed a Comprehensive Economic Cooperation Partnership Agreement following talks between S Jaishankar and Mauritius Prime Minister
The two sides also exchanged letters on provision of Dornier aircraft and Dhruv helicopter by India to step up Mauritius’ maritime monitoring capabilities
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India on Monday offered a USD 100 million line of credit to Mauritius to facilitate procurement of defense assets and the two countries signed a Comprehensive Economic Cooperation Partnership Agreement following talks between External Affairs Minister S Jaishankar and Mauritius Prime Minister Pravind Jugnauth here.