Newsrise

10-Year Bond Yield At 20-Month Low Of 6.85% As State-Run Banks Buy

Jun 18 2019

Indian government bonds extended gains in afternoon trade, with the benchmark 10-year yield falling to its lowest in nearly 20 months, on likely buying by state-run banks, traders said.

BJP Seen Under Pressure To Match Congress Populism: Nomura

Apr 03 2019

Prime Minister Narendra Modi led current ruling Bharatiya Janata Party will be under pressure to match populism shown by opposition Congress party while releasing its manifesto, Nomura says.

Bonds Rise On Bets Of Dovish Monetary Policy Decision

Feb 06 2019

Government bonds gained in the morning session on optimism that the RBI may ease its stance tomorrow. The benchmark 7.17% bond maturing in 2028 changed hands at Rs 97.27, yielding 7.60%, at 10:00 am in Mumbai against a 7.61% yield yesterday

Bonds Rise On Short Covering As MPC Meeting Starts

Feb 05 2019

Indian sovereign bonds rose in morning trade as some traders covered short positions expecting a softening of policy stance by the nations Monetary Policy Committee later this week.

Rupee At 7-Week Low As Upbeat U.S. Data Lifts Dollar

Feb 04 2019

The rupee slipped to a seven-week low against the dollar in early trade, after U.S. employers added more jobs in January than expected and manufacturing activity in the worlds largest economy rebounded, boosting greenback demand. The rupee changed hands at 71.72 to a dollar its lowest since Dec. 17, against 71.24 at previous close.

Bonds Fall As Sentiment Bearish On Higher Borrowing Plan

Feb 04 2019

Government bonds fell in morning trade, with the benchmark 2028 note slipping to a near two-month low, as sentiment stayed weak after New Delhi announced higher market borrowing for the current and the next financial years.

Funding Fiscal Slippage Through RBI OMOs To Hurt Rupee: ANZ

Jan 18 2019

ANZ conservatively estimates that the country's full year fiscal deficit will overshoot target of 3.3% of the gross domestic product by 20 basis points, marking a second consecutive year of fiscal slippage.

Welfare Scheme Push In Budget 2019?

Jan 14 2019

The govt may expand the scope of some current state-funded welfare schemes to cover a wider section of the population when it announces the interim budget next month. An official said schemes like Sarva Shiksha Abhiyan & NHM are wide in scope and new programmes can be launched under them.

India's New 10-Year Bond Coupon Seen In 7.35%-7.40% Band: Traders

Jan 08 2019

The government announced yesterday about the issue of Rs 40 billion of a new bond that will mature in 2029, and traders had not expected this move. Traders said the 10-year federal government bond coupon is seen in 7.35%-7.40% band against 7.52% yield on current 10-year benchmark note.

India May Borrow Rs 6.13 Trillion Next FY: BoB Economist

Jan 07 2019

EMs may remain favorable if the US rate cycle softens as expected. Hence, FPI outflows may reduce, which is positive for rates, says Bank of Baroda Chief Economist Sameer Narang.