Mumbai, Aug. 29 -- Reserve Bank of India (RBI) stated in its latest monthly update that overall financial conditions remained benign during July and August (till August 21). Amidst surplus liquidity, the weighted average call rate - the operating target of monetary policy - hovered in the lower half of the corridor. Overnight rates in the money market moved in tandem with the weighted average call rate. In the fixed income segment, 10-year G-sec yields hardened during mid-July to early August amidst uncertainties over India-US trade negotiations and subsequent tariff imposition by the US. The S&P's upgrade of India's sovereign rating on August 14, 2025 led to a brief easing. Thereafter, yields hardened during the third week of August.

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