October 22, 2024 05:15 GMT
INDIA: Bond Wrap.
INDIA
- Aggregate demand is poised to shrug off the temporary slowdown in momentum in the second quarter of FY25, as festival demand picks up pace and consumer confidence improves, the Reserve Bank of India's (RBI) October bulletin said (source: BBG).
- The Indian rupee, which fell past 84 to the dollar to hit a new record low this month, is on a downward path as geopolitical risks boost oil prices and as money flows out of local stocks amid a shift toward China (source: BBG).
- India’s Nifty 50 weak today down -0.35% whilst bonds were unchanged.
2yr 6.664% 5yr 6.737% 10yr 6.835% 30yr 6.975%
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