Page 388 of Edits & Columns

Encouragingly, the volumes of six of the 10 high frequency indicators rose above their pre-Covid levels in Q2 FY2022, including petrol consumption (estimated by ICRA), electricity demand, rail freight, output of Coal India Limited, GST e-way bills and non-oil exports.
Yields to harden despite status quo

A sustained dip below 6.25% can be expected only if RBI indicates considerable OMO purchases in the 10-year bucket and…

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