Business Economy 02 May 2018 Bonds gain after RBI ...

Bonds gain after RBI relaxes foreign investment rules

REUTERS
Published May 2, 2018, 10:59 am IST
Updated May 2, 2018, 11:00 am IST
The benchmark 10-year bond yield was down 5 basis points at 7.72 per cent by 0337 GMT.
RBI withdrew a restriction that allowed foreign portfolio investors to invest in corporate and government debt with tenures of three years or more.
 RBI withdrew a restriction that allowed foreign portfolio investors to invest in corporate and government debt with tenures of three years or more.

Mumbai: Indian bonds gained on Wednesday morning after the central bank relaxed investment rules for foreign investors in debt by allowing them to invest in short-term treasury bills issued by the central government.

Last week the Reserve Bank of India withdrew a restriction that allowed foreign portfolio investors to invest in corporate and government debt with tenures of three years or more.

 

The benchmark 10-year bond yield was down 5 basis points at 7.72 per cent by 0337 GMT.

The partially convertible rupee was flat at 66.66 per dollar after falling to a low of 66.75 in initial trades.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
-->