September 20, 2024 05:46 GMT
INDIA: Bond Wrap
INDIA
- India’s central bank chief Das has pulled off a rare balancing act: Clamping down on volatility in the rupee while allowing it to drift lower to aid Prime Minister Narendra Modi’s export ambitions (source BBG).
- Equity markets having a strong finish to the week as the risk on sentiment evident in much of Asia, permeated through India’s markets.
- Bond markets were not as excited with yields relatively unchanged.
2yr 6.69% 5yr 6.671% 10yr 6.751% (-0.5bp) 30yr 6.931%
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