Outlook 'fairly sanguine' on inflation, oil's drop: IDFC Asset
Bond yields 380 bps higher than average earnings yield of BSE500 companies
As the bond rout deepens, the one group who actually wants to buy the debt looks set to remain shut out of most of the market
There was no immediate comment on the report from the RBI, which holds its next policy review on February 6-7
The yield on the 10-year bond maturing in 2018 fell to 7.22 per cent, from 7.38 per cent on Tuesday
Transparent disclosure is vital in an emerging democracy where crony capitalism has haunted policy-making for decades
Chidambaram said the move to scrap the bonds was an attack on the middle class
A total of Rs 15,000 crore in bonds were auctioned on Friday by the RBI, which manages debt on behalf of the govt
India's govt bonds have slumped since August due to a potential end to monetary easing, concern about rising supply and possible fiscal slippage
Giving access to treasury bills would be detrimental to banks' savings deposits, said bond market experts
Bond dealers say until uncertainty regarding the fiscal plan goes, yields will be under pressure
However, the RBI expects inflation to rise again to 3.5-4.5% in the 2nd half of the FY18
Limit allocation to longer-duration ones to 20-25% of the portfolio
The Union govt can only enforce fiscal deficit targets for states as long as states owe it money
India has an international rating of BBB-, a notch above junk
Through masala bonds, Indian entities can raise funds by accessing overseas capital markets
The funds have been mobilised from various sources, including banks, mutual funds etc
Vedanta's five-year bonds were priced at a coupon of 6.375%
Long rally seen ending; eyes now on Trump and Fed, and Union Budget take on deficit
Issuances of Uridashi bonds in rupee so far this calendar year has crossed Rs 6,300 crore, against Rs 5,300 crore in full calendar 2015