Question
The sharp ___________ in bond yields has ________
banks with losses on treasury operations dominated by sovereign bond________. Rating agency ICRA __________ the fall in bond prices on expectation of the Central government breaching its fiscal deficit _______ has led to banks _________ a loss on paper of over ₹15,500 crore in the quarter _______ ended in December. led to banks _________ a loss on paper In the following passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives.Solution
The sharp rise in bond yields has hit banks with losses on treasury operations dominated by sovereign bond holdings. Rating agency ICRA believes the fall in bond prices on expectation of the Central government breaching its fiscal deficit target has led to banks suffering a loss on paper of over ₹15,500 crore in the quarter that ended in December.
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