Jayesh Mehta, Vice-Chairman & CEO, DSP Finance explains the fall in the rupee against the dollar. Mehta says overall, it is a risk-off situation and that is where we saw some appreciation in Asian markets, particularly Japan. There was an unwinding of a lot of carry trades in the case of Japan. For India, we … Read more
Nine months after JP Morgan announced the inclusion of Indian government debt in its emerging markets index, the incremental ownership of sovereign bonds by foreign portfolio investors has climbed more than $10 billion, with purchases topping the billion-dollar threshold so far this month. As of June 18, the indicative value of aggregate FPI holdings in … Read more
U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts. According to LSEG Lipper data, net outflows from U.S. equity funds totalled $7.6 billion. This came as the yield … Read more
Mumbai: In a move that will ease the prevailing tight liquidity conditions in the banking system, the Reserve Bank of India on Friday said the Centre plans to buy back Rs 40,000 crore worth of government securities on May 9, the first such repurchase since 2018. The unexpected move is also seen bringing down yields … Read more
Mumbai: Goswami Infratech, a Shapoorji Pallonji group company, is facing a surge in bond yields by as much as 200 basis points to 19% due to concerns about a potential breach of a covenant on the sale of assets, three people aware of the development told ET. The company had initially raised ₹14,300 crore for … Read more
