Bond prices and rupee fall as fuel tax cut sparks fiscal slippage worries
Representative image The 10 year bond yield rose six basis points as prices fell and rupee weakened 0.2 percent against the dollar after the government cut tax on fuel to curb inflation raising fiscal slippage pressure. A report suggesting the government plans to borrow Rs 1 trillion (lakh crore) extra to offset the fiscal impact from the […]
Continue Reading