For Quick Alerts
For Daily Alerts

Indian Bond Market Registers Most Inflow In 7 Months


Even as the domestic rupee currency is traversing to new lows unabatedly due to external risk as well as rising dollar, the bond market of India has seen the biggest inflow to the tune of $403 million after being in receipt of just $105 million in the month of July.

Indian Bond Market Registers Most Inflow In 7 Months

The renewed interest in the Indian bond market is amid hopes that the worst run wherein the benchmark yield for rupee denominated bond scaled to its highest point since 2014 is now over.

Global headwinds will sustain thanks to the continuous surge in crude oil price due to supply side concerns.

But the inflow in the bond market showed no signs of relief for the Indian currency as it headed to new lows in the last two weeks.

This year rupee has gone down by huge 8% or so on account of a number of triggers such as increased crude oil price, EM currencies rout and threat of fiscal slippage. In Friday's trade rupee even moved past the 71 level against the dollar.

Singapore-based director of fixed income at Schroder Investment Management Ltd. is quoted in one of the reports as saying, "Yields are attractive but the overall negative sentiment around emerging markets will put pressure on Indian bonds". Also, he added that the "We're less bullish on bonds now" after recently increasing exposure to India".

Read more about: bond rupee bond yield
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more