Page 3 - Rupee Bond
Birics' development bank aims to issue first Indian rupee bond by October
The New Development Bank (NDB) issued its first rand bond in South Africa last week and could consider local currency issuance in members Brazil, Russia and United Arab Emirates
 "Birics' development bank aims to issue first Indian rupee bond by October")
Government bonds and rupee weaken sharply on strong US economic data
The yield on the benchmark 10-year bond rose 4 basis points to settle at 7.16 per cent
 "Government bonds and rupee weaken sharply on strong US economic data")
Day after Fed decision: Govt bonds slip from highs, rupee strengthens
The yield on the benchmark 10-year bond settled at 7.12 per cent, compared to 7.10 per cent on Wednesday
 "Day after Fed decision: Govt bonds slip from highs, rupee strengthens")
ADB may look at fresh issuance of rupee denominated bonds for resources
ADB president Masatsugu Asakawa on Tuesday said the bank will explore the option of raising resources via rupee denominated bonds. Raising funds in local currency reduces forex volatility, he said here. "We are encouraged to increase our local currency financing to avoid any kind of foreign exchange risk," he said. The decision will be based on market condition, demand and supply, he added. In the past, multilateral funding agency Asian Development Bank (ADB) raised funds in rupee denominated bonds to finance projects in the country. In January 2021, the ADB listed 10-year masala bonds or Rupee denominated bonds, worth Rs 300 crore on global securities market platform of India INX, the international exchange located at International Financial Services Center- Gift City in Gujarat. Prior to this, the ADB raised Rs 850 crore, about USD 118 million, from a new issue of offshore Indian rupee-linked 10-year bonds. This represented ADB's first new maturity raised in Indian rupees sinc
 "ADB may look at fresh issuance of rupee denominated bonds for resources")
India's forex reserves rise for second week, hit over 9-month high
The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak
Foreign exchange reserves up $1.65 bn to $586.41 bn, hit over 9-month high
The rupee closed at 82.09 on Friday in the week ending April 21, halting a four-week rising streak
 "Foreign exchange reserves up $1.65 bn to $586.41 bn, hit over 9-month high")
HDFC prices its biggest ever rupee bond issuance; to raise Rs 25,000 crore
HDFC is stepping up borrowing from notes because its merger with HDFC Bank Ltd. will make accessing the bond market more difficult
 "HDFC prices its biggest ever rupee bond issuance; to raise Rs 25,000 crore")
Markets log 3rd highest monthly FPI inflows since Covid outbreak in August
Foreign investors pump in Rs 51,000 cr; near-term flows to hinge on rupee, bond movements
 "Markets log 3rd highest monthly FPI inflows since Covid outbreak in August")
Rupee surges to end at 79.46 vs dollar as MSCI rebalancing spurs inflows
Bond yields fall as HDFC's Rs 10,000 crore debt sale plan propels custodian flows
 "Rupee surges to end at 79.46 vs dollar as MSCI rebalancing spurs inflows")
Rupee pares initial losses, surges 29 paise to close at 75.31 against USD
On Monday, the rupee had slumped by 24 paise to close at an over nine-week low of 75.60
 "Rupee pares initial losses, surges 29 paise to close at 75.31 against USD")
Rupee, bond may stay calm as Fed's $15-bn taper on expected lines
The US Federal Reserve said it would start its tapering later this month
 "Rupee, bond may stay calm as Fed's $15-bn taper on expected lines")
Rupee, bonds continue to fall despite Moody's outlook revision to stable
The government and the RBI have been engaging with global bond index providers such as Bloomberg, JP Morgan and FTSE for inclusion of government bonds
 "Rupee, bonds continue to fall despite Moody's outlook revision to stable")
RBI could be facing another standoff with traders over new bond sale
Central bank seeks to keep the government's borrowing costs low, while investors are demanding higher yields.
 "RBI could be facing another standoff with traders over new bond sale")
RBI holds back selling 10-yr bond indicating advent of new benchmark paper
Govt has raised over Rs 1.19 trillion against existing bond, a limit after which a new paper is issued to ease redemption pressure
 "RBI holds back selling 10-yr bond indicating advent of new benchmark paper")
India's 10-year bond yield poised for 5th weekly fall; rupee gains
India's benchmark 10-year bond yield was trading at 5.96 per cent by 0852 GMT, down 1 basis point on the day
 "India's 10-year bond yield poised for 5th weekly fall; rupee gains")
Shadow bank bond sales rebound as lenders raise Rs 81,300 cr since April
More cash for shadow banks is good news for the Indian economy, which relies on these firms to provide financing to everyone from tailors to business giants
 "Shadow bank bond sales rebound as lenders raise Rs 81,300 cr since April")
FPIs trading in rupee bonds face anomaly in tax concessions at GIFT City
Would increase compliance burden for tax payment
 "FPIs trading in rupee bonds face anomaly in tax concessions at GIFT City")
Rupee closes 2019 at 71.38 against dollar, 10-year bond yields end at 6.56%
The 10-year bond yields closed the year at 6.555 per cent, from its January 1 level of 7.418 per cent. Bond prices rise, yields fall.
 "Rupee closes 2019 at 71.38 against dollar, 10-year bond yields end at 6.56%")
Year in Review: In uncertain times, 2019 an eventful year for bonds, rupee
The rupee started at 69.44 a dollar, and on December 27, closed at 71.32 a dollar.
 "Year in Review: In uncertain times, 2019 an eventful year for bonds, rupee")
From RIL to Air India: India Inc wades into rupee bond market as costs drop
Air India last week sought fee bids from bankers as it looks to borrow as much as Rs 70 billion by March 31
 "From RIL to Air India: India Inc wades into rupee bond market as costs drop")
