Stay updated with breaking news from Jayesh Mehta. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Foreign investors currently hold less than 2% of government securities. Officials have in the past worried about the consequences of outsized debt inflows, leaving local banks and mutual funds as the main buyers of bonds.
India Business News: JPMorgan Chase & Co has become the first global index provider to include India's $1 trillion government bond market on its emerging markets index. Th
On Friday, yield on the most-liquid 10-year government bond fell as much as 8 basis points to 7.08% before reversing course. Bond prices rise when yields fall and vice versa. With traders rushing to lock in profits, yield on the bond ended the day two basis points higher than the previous close at 7.19%.
The inclusion should help improve sentiment around India's bond market, "which has, on its own, been very resilient in the context of the selloff witnessed in the global fixed income markets in recent months," said Citi.
MUMBAI (Reuters) - With premiums on the Indian rupee inching to decade-lows, exporters are looking to manage their foreign currency receivables through alternatives ranging from exotic derivatives to simply delaying their hedge.