Page 3 - Arvind Chari News Today

The benchmark yield in India’s one-trillion-dollar sovereign bond market is holding remarkably steady despite a ballooning government borrowing program. A possible reason for the lull is that the central bank now holds more than half of the closely watched 10-year bond. The Reserve Bank of India has lifted its holding of the 5.85% 2030 bond to 545 billion rupees ($7.5 billion) or at least 52% of the total outstanding via Operation Twists, two tranches of government securities acquisition pr...

(Bloomberg) -- The benchmark yield in India’s one-trillion-dollar sovereign bond market is holding remarkably steady despite a ballooning government borrowing program. A possible reason for the lull is that the central bank now holds more than half of the closely watched 10-year bond.The Reserve Bank of India has lifted its holding of the 5.85% 2030 bond to 545 billion rupees ($7.5 billion) or at least 52% of the total outstanding via Operation Twists, two tranches of government securitie...

The Sensex is heading for a 1 per cent decline this week, less than the 3.5 per cent fall for the MSCI AC Asia Pacific index.

India’s Covid-19 crisis has so far failed to spark a deep stock selloff like that seen last year, and some asset managers point to less stringent curbs on activity as one factor at least for now. Even as the nation reports more than 300,000 confirmed infections and over 4,000 deaths a day, India’s benchmark equity index has been moving in line with regional peers. The S&P BSE Sensex index has declined 6.6% from a mid-February peak, about as much as the MSCI AC Asia Pacific index. That com...

Back to buying The surprisingly muted stock market reaction to Indias virus disaster can also be seen in net outflows of foreign investors, which totaled about $1.5 billion in April versus $8.4 billion during the height of the rout last March. They turned net buyers of Indian equities this week after four straight weeks of outflows. More limited and regional lockdown measures being implemented by state governments have prevented a slide in economic activity like last year, but the risk is that ...

India’s stock market isn’t pricing in a full Covid lockdown Benchmark equity index has been moving in line with regional peers despite surge in cases India’s Covid-19 crisis has so far failed to spark a deep stock sell-off like that seen last year, and some asset managers point to less stringent curbs on activity as the main factor, at least for now. Even as the nation reports more than 300,000 confirmed infections and over 4,000 deaths a day, India’s benchmark equity index has been m...

India’s Central Bank Says ‘Boo.’ Carry Traders Faint × Large-scale bond-buying and money-printing may result in a glut of rupees, causing them to depreciate against the dollar. “India joins the money printers.” That’s how an ING Bank research note describes the Reserve Bank of India’s explicit commitment to buy ₹1 lakh crore ($14 billion) in government bonds this quarter. Since this new move has been given a fancy name — Government Securities Acquisition Program — it will ...

Rising yields at India’s latest government bond auction are signaling the central bank may be reluctantly accepting higher borrowing costs amid a global rout. The Reserve Bank of India sold some of 10-year debt at 6.22 per cent on Friday, compared with about 6 per cent in previous auctions. That’s after a spike in U.S. Treasury yields and oil prices pushed borrowing costs higher globally. "The RBI has allowed yields to adjust higher due to global reflationary pressures," said Shailendra ...

India records 13% FDI growth in 2020, higher than major economies. 5 reasons why Premium 3 min read India recorded 13% growth boosted by investments in the digital sector. Infrastructure and energy deals also propped up M&A deals in India. Piyush Goyal said, The government policies and reforms have made India a preferred destination Share Via Read Full Story Marking a major achievement globally, India recorded a 13% growth in Foreign Direct Investment (FDI) in 2020 at a time when fund flows dec...

Dec 16 2020, 7:36 AM December 15 2020, 6:31 AM December 16 2020, 7:36 AM (Bloomberg) -- A relentless torrent of funds rushing into India’s markets may tip the central bank’s delicate balancing act in 2021. (Bloomberg) -- A relentless torrent of funds rushing into India’s markets may tip the central bank’s delicate balancing act in 2021. For most of this year, the Reserve Bank of India has capped currency gains as global investors poured around $50 billion into stocks and sta...