India’s fixed income markets are recalibrating cautiously. While macro fundamentals have improved, elevated borrowing and weak demand shape the bond outlook. SBI Mutual Fund’s CIO advises selective duration, favoring short-end corporate bonds and tactical state development loans amid heavy supply.
Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline, sources say
Banks have largely exited Indian rupee arbitrage trades, complying with the Reserve Bank of India’s $100 million net open position limit. These measures, aimed at