RBI cash, yields draw investors to dollar bonds
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Last Updated: May 06, 2021, 07:49 AM IST
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Synopsis
The RBI will inject 500 billion rupees of liquidity and allow new loan-relief for small businesses, Governor Shaktikanta Das said in surprise statement on Wednesday.
Agencies
Indian dollar bonds gained 0.7% in the two weeks to May 5, more than the 0.3% rise in a broader Asian dollar bond gauge, according to Bloomberg Barclays indexes.
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By Rahul Satija
Bargain-hunting investors are increasingly moving into Indian dollar bonds, and central bank support unveiled Wednesday may further that trend even as the nation grapples with a tragic surge in Covid cases.