Rupee Bond Traders To Weigh RBI Minutes, Auction

Rupee Bond Traders: Indian sovereign bond traders will assess the minutes of the central bank’s April meeting which focused on growth recovery and demand at a Rs 32,000-crore ($4.3billion) bond auction later on Friday.

An absence of any announcement so far on RBI’s bond purchases for the next week may weigh on sentiment.

  • India’s monetary policymakers are willing to discount inflation worries for now and focus on supporting growth as a resurgent Covid-19 outbreak threatens a nascent economic recovery, minutes of their latest meeting showed Thursday after close of markets
  • India’s long-term foreign-currency debt rating was affirmed by Fitch at BBB-, the lowest investment-grade score. Long-Term Issuer Default Rating was affirmed by Fitch at BBB-, the lowest investment-grade score. Long-Term Local-Currency Issuer Default Rating was affirmed by Fitch at BBB-, the lowest investment-grade score

(With Agency Inputs)

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