A Bloomberg index of high-yielding sovereign dollar debt is heading for a 15% surge this year, the biggest annual gain since 2016. Global investors are rewarding countries such as Argentina, Sri Lanka and Ghana for healing their defaults and embarking on economic reforms. This rally has shown resilience even to the US yield spikes of the past two months.
RBI’s strong dividend to govt boosted by USD sales, interest income: SBI report
The Reserve Bank of India’s record dividend payout of nearly Rs 2.7 trillion to the government has been made possible due to robust gross dollar
May 24, 2025