@INRBONDS#UnionBudget@RBI@nsitharaman bond mkt now really worried with whopping fiscal deficit of 9.5% of gdp for fy 21 and 6.8% for fy 22. RBI kep yields down in fy21, making markets absorb bonds at held rates, now what? what happens to bond investors? this is danger we saw.
Fiscal deficit at exp increased to 9.5% of gdp, from 3.5% of budget estimates, Addition borrowing of Rs 800 billion. Whopping rise in deficit. fiscal deficit 6.8% of gdp for 21-22 , Rs 12 trillion of mkt borrowing. Huge bond negative . states gsdp 4%, with addition 0.5% fy22
@INRBONDS#UnionBudget gold exchange and fund for corporate bond investments to deepen market is welcome. we need a corporate bond exchange as well to enable equity type transactions