‘The Big Bang dividend reflects RBI managing volatility deftly amid uncertainty’: SBI Research

The State Bank of India Research, in a note, said that the declaration of a record dividend by the RBI today was well received by the financial markets. The SBI note said the benchmark yields softening to sub-7% in testimony to the highest ever surplus transfer that is estimated to ease fiscal deficit by 30 to 40 bps from the budgeted level of…