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Most prominent fall in two months for Indian bonds
April 10, 2017
This week, on one hand, Indian bonds saw the biggest fall in two months, and on the other hand, rupee bumped a 20-month high against the dollar. This was after Central bank kept its policy rate on hold and said this indicated their preparation of liquidity. With RBI changing its policy stance unexpectedly, from neutral to accommodative, the bond yield (10 years) has risen to at least 34 bps. Indian markets have attracted foreign investments into equities and debt of net worth $8.85 billion dollars in March 2017. This is the highest monthly amount invested since 2002.
