There is merit in pursuing active consolidation with focus on buy-backs and switches to build volumes and improve liquidity. Reserve Bank is in consultation with the government to achieve some degree of consolidation in G-Sec in the near future. Reserve Bank has recently constituted a Working Group (Chairman: Shri.
Our analysis shows that this stability is not primarily the result of the statistical trimming procedure that is applied to the € and that could potentially treat transactions at higher rates as outliers. It is rather a reflection of the remaining impediments to cross-border trading in the unsecured segment.