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Ronojoy Mazumdar and Marcus Wong, Bloomberg News Pedestrians wearing protective masks walk past an out of service traffic signal as the Bombay Stock Exchange (BSE) building stands in the background in Mumbai, India, on Monday, Oct. 12, 2020. Indiaâs financial capital saw its biggest power outage in decades because of a grid failure, disrupting transport networks and hitting trading volume in equities and bond markets. , Bloomberg (Bloomberg) Indian debt and rupee may lure overseas investors in 2021, just like the nationâs equities with one caveat: the central bank will face more challenges in curbing the local currencyâs gains against the greenback. ....
Indian debt and rupee may lure overseas investors in 2021, just like the nation’s equities with one caveat: the central bank will face more challenges in curbing the local currency’s gains against the greenback. Stocks have already attracted the biggest yearly inflows since 2012, adding to the woes for the Reserve Bank of India that has been buying up the deluge of dollars to curb the rupee’s gains. The resulting glut of cash in the financial system has caused short-term rates to crash, which, combined with high inflation, is dampening debt returns for foreign funds triggering a record outflow from bonds. ....
Indian Rupee is the worst performer among Asian currencies in 2020 hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
Synopsis Stocks have already attracted the biggest yearly inflows since 2012, adding to the woes for the Reserve Bank of India that has been buying up the deluge of dollars to curb the rupee’s gains. Getty Images The rupee, Asia’s worst-performing currency against the dollar, may rebound along with flows into debt amid a recovery in risk appetite for higher-yielding assets. By Ronojoy Mazumdar and Marcus Wong Indian debt and rupee may lure overseas investors in 2021, just like the nation’s equities with one caveat: the central bank will face more challenges in curbing the local currency’s gains against the greenback. ....