Free Trial

Bond Sale Schedule Accelerated Ahead Of Holiday

INDIA

Yields finished higher for the second day yesterday amid constructive risk tone in India where the equity markets finished at record highs and the rupee rose for the first day in four. Inflows into equity markets helped support the rupee, with a lower CPI print earlier in the week assuaging fears of premature tightening from the RBI. Markets look ahead to WPI data today to confirm inflationary pressures receding, wholesale prices are expected to rise 11.15% in September from 11.39% previously. Elsewhere the RBI will auction INR 240bn of government bonds, the auction bought forward a day due to market holiday for Dussehra being observed tomorrow.

  • The RBI will auction three lines consisting of:
    • INR 130bn 6.1% 2031 bonds
    • INR 40bn FRB 2034 bonds
    • INR 70bn 6.76% 2061 bonds

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.