Since 2004, average spread of 10 Year GSec & Repo rate is 65bps (median). Current spread of 157bps shows RBI is way behind the curve. Policy rate hike of 25/50bps is non-event as markets have already factored these hikes. Even after 50bps hike, spread would be 40bps above median pic.twitter.com/oeX5NYYwzU
— Giriraj Daga (@GirirajDaga5) September 26, 2018
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