Mumbai bond market awaits the government’s borrowing calendar. Traders are cautious before the monetary policy review. They anticipate details on the Centre’s H2 borrowing. The market expects changes in long-term bond issuance. RBI’s reallocation strategy is also under scrutiny. Experts suggest measures to address yield curve distortions. The focus is on rebalancing the borrowing calendar.
Ind-Ra downgrades Jana Capital, Jana Holdings NCDs to default
India Ratings downgraded Jana Capital and Jana Holdings’ NCDs to default after both entities extended debt repayments by six months due to refinancing challenges. Jana