Demand-supply imbalance to trigger Indian bond rally: Barclays
Combined demand from investors and the RBI, as well as increasing FII quotas will lead to a rally in Indian sovereign debt; particularly as planned issuance this quarter is lower than expected.
India’s sovereign borrowing programme for the final quarter of this year is smaller than expected and the central bank will likely buy up to 60% of total G-Sec issuance, resulting in reduced supply and a rally in bonds, according to Barclays.
The government’s commitment to minimise fiscal slippage for
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