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Interview | S Naren: The bond market has mostly priced in higher borrowings, policy normalisation
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moneycontrol.comThe government’s borrowing programme for 2022-23, announced in this year’s union budget, has thrown bond markets in a tizzy, with the yield on 10-year government paper rising sharply. Sankaran Naren, executive director and chief investment officer, ICICI Prudential Asset Management Company, tells Vatsala Kamat the government has been conservative in its revenue estimates and borrowing may not be as high as envisaged in the long-run, although there will be short-term volatility.
He adds that they have increased the allocation...
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