India New Year Greeting to Global Bond Funds Sets Tone for RupeeBy
Barclays bullish as investment limits to rise by $2.5 billion
Rupee shows strength with longest winning run since 2011
India will be laying out the welcome mat to global bond funds on day one of 2016. Given the rupee’s strength, it’s perfect timing.
Overseas investors get access to an additional 165 billion rupees ($2.5 billion) of sovereign and state-government notes from Jan. 1, part of a September plan to phase in looser foreign-investment limits. The currency is the second-best performer in emerging Asia after Indonesia’s rupiah this month, it completed the longest run of daily gains since 2011 on Monday and expectations for price swings are at the lowest since August….
Leave a Reply
You must be logged in to post a comment.