Chart: Easy Liquidity Keeps T-Bill Yields Below Policy Rate
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Chart: Easy Liquidity Keeps T-Bill Yields Below Policy Rate

A large surplus of banking liquidity has meant that investors are parking funds in short-term treasury bills, pulling down the interest rate on these securities. For almost two months now, the coup...
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