All eyes will be on bond yields today after the Reserve Bank of India (RBI) hiked the foreign portfolio investor (FPI) limit in government securities (Gsec).
At the moment foreigners can buy up to 5 percent of total outstanding Gsec that has been increased to 5.5 percent for the current year and 6 percent for FY20 works out to 59,000 crore more of bonds that they can buy this year.
Ananth Narayan, Market Expert shared his views and outlook on the same.