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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
G10 Markets
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Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
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Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
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Real-time insight of oil & gas markets
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Data
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MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessIndian bond yields continue to rise...........>
INDIA: Indian bond yields continue to rise alongside weakness in the INR as US
monetary tightening expectations gather pace, narrowing India's previously high
yield advantage over the US. The rise in Indian bond yields and the weakness in
the rupee has wiped out almost two years of total returns for dollar-based bond
investors. MNI believes that Asian FX faces a period of weakness across the
board, and the INR is unlikely to be spared unless the RBI adopts a much tighter
monetary policy stance. However, the ongoing rise in the RBI's reserve holdings
suggest that the central bank has actually been steering the currency weaker
rather than acting against weakness, in stark contrast to Indonesia's central
bank. India's stronger external balance sheet (with lower levels of external
debt, lower share of foreign ownership in its bond market) suggests that any
surge in the dollar would be likely to undermine Indonesian assets more than
their Indian counterparts. The main risk to this view comes from a continued
rise in oil prices, given India's much greater reliance on oil imports compared
to Indonesia.
To read the full story
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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.