As the US bond yields rose to their highest level in 22 years, India's bond market has also performed well in recent years, both compared to its past performance and in comparison with most other countries, the Reserve Bank of India's (RBI) Deputy Governor Poonam Gupta has said.
In the RBI's September Bulletin, she said that the relative strength of the bond market is due to the fiscal commitment of the government, and the projected sustained high economic growth rates that would make the fiscal outcomes even better going forward.
