JLL Quote | On the launch of RBI Retail Direct by Central Govt.

 

The Central Govt today announced the launch of ‘RBI Retail Direct scheme’ that allows retail investors to buy and sell government bonds online.

 

On the backdrop of this announcement, please find appended quote on behalf of Dr Samantak Das, Chief Economist and Head of Research & REIS (India), JLL.

 

"The schemes announced by the Government today will open up long term and secure interest income avenue to retail investors especially the pensioner section with higher interest rate and Government guarantee. The confidence of retail investors will definitely get a boost and with all likelihood, the depth of T-bills and G-Secs markets will gain.”