Rupee Bond Traders To Weigh RBI Minutes, Auction

Rupee Bond Traders: Indian sovereign bond traders will assess the minutes of the central bank’s April meeting which focused on growth recovery and demand at a Rs 32,000-crore ($4.3billion) bond auction later on Friday.

An absence of any announcement so far on RBI’s bond purchases for the next week may weigh on sentiment.

• India’s monetary policymakers are willing to discount inflation worries for now and focus on supporting growth as a resurgent Covid-19 outbreak threatens a nascent economic recovery, minutes of their latest meeting showed Thursday after close of markets
• India’s long-term foreign-currency debt rating was affirmed by Fitch at BBB-, the lowest investment-grade score. Long-Term Issuer Default Rating was affirmed by Fitch at BBB-, the lowest investment-grade score. Long-Term Local-Currency Issuer Default Rating was affirmed by Fitch at BBB-, the lowest investment-grade score

• Moody’s Downgrades India’s Sovereign Rating By One Notch
• Axis Bank’s Shikha Sharma Wants New Term Cut Short
• Commodity Gold Market: Gold prices is Focused on What Equity Markets are Doing
• Gold Investors are now Focused on US Jobs Data Due This Friday – Neal Bhai
• Stocks To Watch: Axis Bank, Bharti Infratel, Cipla, Reliance, LIC Housing

(With Agency Inputs)