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.
Denne historien er fra December 14, 2024-utgaven av Financial Express Chennai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 14, 2024-utgaven av Financial Express Chennai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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