RBI Measures May Help Local Bond Market
Analysts say companies that scaled back or withdrew domestic bond issues amid high yields may return after the RBI's weekend measures provide some cushion to the rupee.
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Analysts say companies that scaled back or withdrew domestic bond issues amid high yields may return after the RBI's weekend measures provide some cushion to the rupee.
Rupee fell 0.7% in September and 1.2% in the July-September quarter, with RBI intervention helping avert steeper losses.
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but