Franklin Templeton India has closed six yield-oriented schemes—which accounted for 63.4% of its total debt-oriented funds’ average AUM. It links the closure to Covid-19-related market dislocations.
The central bank announced a second special open market operation for ₹10,000 crore on December 30. The RBI will simultaneously buy and sell government bonds to lower long-term bond yields.
The central bank bought long-term bonds worth ₹10,000 crore and simultaneously sold short-term papers worth ₹6,825 crore under a special OMO to address liquidity issues.
