Through much of FY23, a spread of 275 bps over the repo rate may be the risk spread, given the demand-supply inequality and this means that better risk pricing always results in better price discovery in markets, Kanti Ghosh added.
Bond yields may touch pre-pandemic levels of 6.8% this quarter
Through much of FY23, a spread of 275 bps over the repo rate may be the risk spread, given the demand-supply inequality and this means that better risk pricing always results in better price discovery in markets, Kanti Ghosh added.
