Reported 1 day ago
India is set to reduce its net borrowings for the second consecutive year, which may positively impact the bond market as the government adheres to its fiscal consolidation strategy. Prime Minister Modi's administration plans to borrow 11.4 trillion rupees ($132 billion) for the upcoming fiscal year, down from 11.6 trillion rupees. Bond yields have recently dropped to a three-year low as the central bank injects liquidity into the economy. Analysts suggest that continued fiscal discipline could support the bond market while foreign investment flows remain uncertain.
Source: YAHOO