Indian bonds News
The fundamental reason for this sustained FPI flows into debt is the inclusion of Indian bonds in the JP Morgan EM Bond Fund and the Bloomberg Bond Index
Indian bonds yields have risen by 105 basis points since June last year.
The year gone by turned out to be very profitable for Indian bonds which emerged as the best performers in Asia in 2016, says a Nomura report.
The budget announced a fiscal deficit target of 3.9 percent of gross domestic product for the fiscal year starting in April, higher than an expected 3.6 percent.
Indian corporate bond issuance this year looks set to surpass 2013 and 2014 as expensive bank loans force companies seeking funding to try their luck in capital markets. So far, they haven`t been disappointed.
The bond rally - and the lower yields that result - comes as the consumer price index eased to 6.46 percent in September.
Loading...