Policy rate cuts by global central banks seem visible over the medium term and well-managed duration funds like Dynamic bond funds, Banking & PSU debt funds can benefit
The Indian bond market seems to be unsure of India’s economic performance as things stand and nothing explains this better than a flattening yield curve. As the terminal rate cannot be realistically predicted given the confusing MPC commentary, bond investors are no longer anticipating a significant return differential between the short and the long end of the curve
Entry into the global bond market would amplify investment inflows for India by as much as $50-125 billion
The government on Thursday nominated three experts as members of the Monetary Policy Committee (MPC), who along with Reserve Bank of India (RBI)-nominated members, will decide on interest rates.
European Central Bank (ECB) will announce its own version of quantitative easing (QE) or sovereign bond buying at its policy meeting next week. Diego Iscaro, Senior Economist of IHS Global Insight spoke about what kind of QE this will be by the ECB. Watch his interview with Menaka Doshi on CNBC-TV18.
Former RBI Governor Subir Gokarn believes that the Reserve Bank needs to address the core problems of huge current account deficit (CAD). Convincing the authority to address them is the challenge for Rajan as the new governor, he told CNBC-TV18.
The Reserve Bank of India has an option to sell dollars directly to state oil companies, governor Duvvuri Subbarao said on Thursday, to help ease pressure on the rupee that hit another record low.