According to market participants, the sell-off has resumed after the interest rate differential between India and US has narrowed from 300 basis points (bps) to 240 bps.
Indian yields have been softening on expectations of a rate cut from the Reserve Bank of India in February, while the yield on the 10-year US Treasury benchmark has risen to 4.34%—the biggest weekly gain in a year.
Market participants said overvaluation of the rupee vis-à-vis other Asian currencies and RBI's increasing positions in non-deliverable forwards markets have also weighed on FPIs inflows in G-Sec.
هذه القصة مأخوذة من طبعة December 14, 2024 من Financial Express Kochi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 14, 2024 من Financial Express Kochi.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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