Compare this with the current outstanding stock of government securities at ₹ lakh crore in 100 instruments 9. The two markets are not comparable and it is not my intention to compare them. There is a single issuer in the government securities market – the government, compared to 5,394 issuers, as on June 30, 2022, in the corporate bond market.
Changes to the target range for the federal funds rate will continue to be the Committee’s primary means of adjusting the stance of monetary policy. At our meeting earlier this month, we decided to maintain the existing target range for the federal funds rate.