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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.
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Free AccessOperation Switch Smaller Than Expected
Bonds are expected to come under pressure again today as oil prices continue to rise with Brent claiming the $75/bbl handle.
- Yesterday the RBI converted INR 67bn of short dated bonds to longer maturities under its switch operation, less than the INR 100bn announced.
- Elsewhere there were reports yesterday that Central Bank of India and Indian Overseas Bank hhhad been shortlisted for divestment by the government. According to reports the two banks may see 51% sale in first phase.
- On the coronavirus front India administered 8.62 million vaccine doses in the last 24 hours, a daily record. There were 42,640 cases in the past 24 hours.
- Markets will look ahead to an INR 191bn state debt sale today, results due after 1030BT/1500IST.
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.