BUZZ — Foreign banks net sell $1 billion of India bonds in first half of October
Foreign banks remained net sellers of Indian government bonds during the first half of the month These lenders net sold bonds worth over 96 billion rupees ($1.01 billion) from October 1 to 15, CCIL data shows This follows around 130 billion rupees of net sale by these banks in September "Indian markets have turned bearish since the start of last month, and the figures also include initiation of fresh short positions," trader with a foreign bank says RBI has turned hawkish after bank liquidity surplus jumped to record high early last month Central bank has sold bonds, raised rates, changed policy stance and also given hawkish guidance increasing bets of a larger-than-expected hike Benchmark bond yield was around 7.40%, up nearly 45 bps during this period ($1 = 94.8000 Indian rupees) (Reporting by Dharamraj Dhutia) ((dharamraj.dhutia@tr.com)
Foreign banks remained net sellers of Indian government bonds during the first half of the month These lenders net sold bonds worth over 96 billion rupees ($1.01 billion) from October 1 to 15, CCIL data shows This follows around 130 billion rupees of net sale by these banks in September "Indian markets have turned bearish since the start of last month, and the figures also include initiation of fresh short positions," trader with a foreign bank says RBI has turned hawkish after bank liquidity surplus jumped to record high early last month Central bank has sold bonds, raised rates, changed policy stance and also given hawkish guidance increasing bets of a larger-than-expected hike Benchmark bond yield was around 7.40%, up nearly 45 bps during this period ($1 = 94.8000 Indian rupees) (Reporting by Dharamraj Dhutia) ((dharamraj.dhutia@tr.com)