INDIA'S GDP UP, DEBT DOWN
BLOOMBERG - India's benchmark bond yield slid to an 18-month low as a slowing economy and falling oil prices intensified speculation that the central bank will cut rates more than once.
The yield on 10-year rupee sovereign debt fell as much as 9 basis points to 6.94% after data late Friday showed gross domestic product rose 5.8% last quarter from a year earlier. That was slower than the median 6.3% estimate in a Bloomberg survey. Cooling crude prices further improved the outlook for inflation, which is already below the central bank's target.
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.