The FY27 borrowing plan pushes G-Sec interest rates higher; The rupee recovers after RBI intervention

Market participants said the central bank’s dollar sales and swap operations helped stabilize the currency and manage liquidity, amid pressure from higher borrowing plans. | Photo credit: Government bond (G-Sec) yields firmed on Monday after the Union Budget for FY27 proposed a higher government borrowing programme. However, the rupee recovered lost ground following reports of […]