It was a Samvat like no other for the Indian bond market. Be that as it may, Samvat 2078 could be even more interesting for the rupee, say experts.

       The 10-year bond yield was at 5.88 per cent at the beginning of Samvat 2077 - a result of the Reserve Bank of India’s (RBI's) extraordinary liquidity measures and active intervention to keep yields below 6 per cent to make it easy for the government and the corporate entities to borrow. The 10-year yields closed at 6.34 per cent on Wednesday - a rise of 48 basis points. By the end of Samvat, although the RBI had relaxed its ...