In a recent media interview, Kamal Mahajan , Advisor- Head of Treasury and Global Markets, Bank of Baroda spoke about the depreciation of the rupee against the dollar and further said that the rupee and CNY have moved in tandem. He said however that this might not continue with Brent moving north. With respect to the bond outlook, he stated that the successive announcement of another tranche of operation twist by RBI is designed to further dent the excessive steepness of the bond yield curve.
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