Shailendra Jhingan, Head Treasury & Economic Research at ICICI Bank believes that the recently announced measures on corporate bonds marks a positive step, with the introduction of total return swaps a significant development for banks. Speaking with Christina Titus and Mahesh Nayak, Jhingan stated that the policy repo rate is likely to remain unchanged over the next 9–12 months. He expects the rupee to move towards 89 by March-end, while the 10-year yield is seen trading in a range-bound manner.