Aug
03

India Companies Choose Bonds Over Loans, First Time in a Decade

By
  • Interest in Indian economy will continue to be strong: ANZ
  • Barclays, ANZ, Credit Suisse raised rupee forecasts recently

There’s no stopping the rupee. Strategists say Asia’s best-performing currency of the past six months could climb further as the Reserve Bank of India’s interest-rate cut lures more inflows into local shares.

Benchmark borrowing costs in Asia’s third-largest economy stand at the lowest since 2010, which could spur growth, boost corporate earnings and encourage foreign funds to add to $8.8 billion of Indian stock purchases this year. That optimism sent the rupee to a two-year high after the RBI’s decision on Wednesday…

India Companies Choose Bonds Over Loans, First Time in a Decade

Share
Categories : Finance

Leave a Reply

You must be logged in to post a comment.