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INDIA: Country Wrap; Bond Yields at Lowest in 3 Years. 

INDIA
  • India on alert for potential coup in Bangladesh (source India Times)
  • Indian sovereign bond yields slid to their lowest level in nearly three years after data showed the central bank made significant debt purchases to help ease a cash shortage. (source:  BBG).
  • India’s NIFTY 50 opening up weaker this morning, down 1.00%.
  • INR: the rupee is weak this morning, down -0.19% at 86.37.
  • Bonds : a strong rally at the open with the 10yr down 4bp to 6.68%
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  • India on alert for potential coup in Bangladesh (source India Times)
  • Indian sovereign bond yields slid to their lowest level in nearly three years after data showed the central bank made significant debt purchases to help ease a cash shortage. (source:  BBG).
  • India’s NIFTY 50 opening up weaker this morning, down 1.00%.
  • INR: the rupee is weak this morning, down -0.19% at 86.37.
  • Bonds : a strong rally at the open with the 10yr down 4bp to 6.68%