Free Trial

INDIA: Country Wrap:  RBI Backs Off its Currency Defense.

INDIA
  • India’s Central Bank Dials Down Use of NDFs to Fight Dollar (source: BBG).
  • China Vows to Maintain Border Peace With India as Ties Stabilize (source: BBG).
  • India’s Record Gold Import Said to Be Due to Calculation Error (source: BBG).
  • India’s NIFTY 50 declined -0.56% yesterday and is off -1.00% in early trading to potentially deliver a fourth successive day of declines.
  • INR: has remained resilient in the face of a sell-off today down only -0.13% to 85.06.
  • Bonds:  India’s 10YR yield is 4.5bps higher today at 6.791%
85 words

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.
  • India’s Central Bank Dials Down Use of NDFs to Fight Dollar (source: BBG).
  • China Vows to Maintain Border Peace With India as Ties Stabilize (source: BBG).
  • India’s Record Gold Import Said to Be Due to Calculation Error (source: BBG).
  • India’s NIFTY 50 declined -0.56% yesterday and is off -1.00% in early trading to potentially deliver a fourth successive day of declines.
  • INR: has remained resilient in the face of a sell-off today down only -0.13% to 85.06.
  • Bonds:  India’s 10YR yield is 4.5bps higher today at 6.791%