Rupee Bond Traders To Await Rs 20,000 Crore T-Bill Sale

Indian bond traders will await a Rs 20,000 crore ($2.7b) sale of Treasury bills to gauge the direction of short-term rates. Rupee traders will watch for inflows with a large initial share sale due to open Thursday.

  • USD/INR fell 0.2% to 74.9588 on Tuesday
  • 10-year yields rose 1bp to 6.36%
  • Global funds sell net Rs 2,370 crore of India stocks Tuesday: NSE
  • They bought Rs 35 crore of sovereign bonds under limits available to foreign investors, and withdrew Rs 92 crore of corporate debt
  • State-run banks bought Rs 1,260 crore of sovereign bonds on Oct. 26: CCIL data. Foreign banks sold Rs 894 crore of bonds.

Source: Bloomberg

Rupee Bond Traders To Await Rs 20,000 Crore T-Bill Sale via @goldsilverrepor
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