In bond markets, yields on India's local currency debt have edged up in recent weeks, but remain close to two-year lows. Yields have been kept relatively low by both domestic and foreign investors. Data up to Wednesday s…
In bond markets, yields on India's local currency debt have edged up in recent weeks, but remain close to two-year lows.
Yields have been kept relatively low by both domestic and foreign investors. Data up to Wednesday show that foreign purchases of Indian debt remain strong.
Capital Economics notes...
Looking ahead, we expect the repo and reverse repo rates to end the year at 7.00% and 6.00% respectively, both 50bp lower than where they are today.
As such, we think that bond yields are likely to begin edging down again over the coming months.
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