September 18, 2024 05:26 GMT
INDIA: Bond Wrap
INDIA
- Wholesale Price Declines Give RBI Reasons to Hold with the downward trend for prices continuing with wholesale prices rising only 1.31% in August (source: MNI Australia).
- India became the largest emerging market per MSCI investible large, mid and small cap criteria as of end August, (source: Morgan Stanley).
- The Indian rupee rose to a seven-week high as traders cited inflows and the lack of central bank intervention. Bonds erased some of the recent gains (source: BBG)
- Bonds very quiet in the morning trading session ahead of the FED.
2yr 6.695% 5yr 6.692% 10yr 6.781% 30yr 6.957%
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