Seeking to shore up the rupee and interest in bonds, India last week announced tax cuts for overseas bond investors and a host of measures aimed at boosting inflows and improving market access
After securing entry into JPMorgan, Bloomberg EM and FTSE Russell indexes, India is now pushing for inclusion in Bloomberg's Global Aggregate Index
Global funds bought ₹4,490 crore ($469 million) worth of index-eligible bonds on Friday, the most since June 30, 2025, when the government scrapped taxes on overseas investment in govt securities
Swap rates have gained since the US-Iran war began in late February, as traders bet that an oil-driven inflation surge will lead to tighter monetary policy
India's 10-year bond yield premium over the US has narrowed to around 250 basis points, well below its decade average. But does that mean RBI will cut rates? Let's find out
The rupee fell about 1 per cent last week, its fourth consecutive weekly decline of a similar magnitude, to hit a record low of 94.84 against the dollar
The beginning of what could be a multi-decade journey has been made. It will be a slow, consistent process, not a hasty one that may cause disruptions
The 10-year bond yield rose as much as eight basis points to 6.78 per cent, the highest since Jan. 17, 2025
No trades have been executed on a portal set up in July 2024 by the nation's sovereign debt clearing house, as market players await clarity
Bloomberg Index Services said Indian government bonds will not be included in the Bloomberg Global Aggregate Index for now due to pending operational and market infrastructure assessments.
Lenders are discussing a potential solution with the ECB about easing charges imposed after Europe's markets agency withdrew recognition of the CCIL and other agencies three years ago
Although the volumes for surety bonds continues to be low, issuance in a non-paper manner will ease a lot of administrative work for the insurers and could also help in increasing volumes
In a meeting this week with state government officials, the RBI advised states to spread their borrowing across the yield curve
India currently has 41 securities under the fully accessible route (FAR), valued at $502 billion, with no foreign investment limits
Bond market investors are looking beyond short-term geopolitical noise, anchored by strong domestic fundamentals, surplus liquidity, rate cuts and a dovish RBI
When JPMorgan announced in September 2023 that Indian bonds would be phased into the index starting June 28, 2024
The recent slowdown was a "mid-cycle correction", and the central bank's policy support has laid the groundwork for growth to return to its long-term trend
The yield on the five-year note has declined more than 50 basis points since April 1, outpacing the 33 basis-point decline on the 10-year note
Indian states raised Rs 722.55 billion ($8.43 billion) through a sale of bonds, the biggest amount ever to be borrowed via a single auction
Foreigners bought $1.8 billion of rupee bonds this month so far, already higher than any monthly total since September