Can the Reserve Bank talk the bond yield down?

In an interview with a TV channel last Friday, Reserve Bank of India (RBI) Governor Shaktikanta Das reiterated the central bank’s commitment to growth and financial stability, saying it is battle ready. All conventional and unconventional, and even “new” weapons, are on its table, he said. It will use anything and everything, if required. Das also said that as the government’s debt manager, the RBI would ensure the completion of market borrowing in a “non-disruptive” manner. Hours after the interview, the debt manager had to settle for higher yie.....

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