The Reserve Bank of India (RBI) raises trading targets for primary dealers in the government bond market by 48%, aiming to improve liquidity, according to people familiar with the development. The change is intended to increase activity among bond market makers, particularly in the 10-year benchmark security, where trading activity reportedly rises after the adjustment. The Business Standard describes the policy as part of the RBI’s broader effort to deepen liquidity in sovereign debt, an area the central bank has emphasized as a priority. While the outlets focus on the same objective, Bloomberg notes the increase in activity in the 10-year benchmark as evidence of the policy’s immediate impact. The RBI’s action follows the central bank’s recent communication of liquidity goals, including points attributed to Governor Sanjay Malhotra earlier this month. Neither source provides further operational details such as the exact methodology for the new targets, the implementation timeline, or whether other securities are affected.