Despite RBI’s rate cuts, Indian G-Sec yields remain range-bound due to US yield pressures, says Rajkumar Subramanian

Despite rate cuts by the Reserve Bank of India, Indian government bond yields show stability. The corporate bond market sees substantial growth but limited depth. Corporate bond issuances surge due to lower rates and strong corporate intent. The U.S. debt situation influences global bond markets. Reforms are essential to deepen India’s corporate bond market further.