Gold Silver Reports (GSR) – India Vulnerable To Rise In Oil Prices, U.S. Yields Going Up – In an exclusive conversation with Vivek Rajpal of Nomura said Indian bonds are vulnerable to rise in oil prices, U.S. yields going up.
✅ RBI move to ease FPI rules for bonds to help carry trade
✅ RBI move on FPI rules for bonds to ease pressure on yields in the near term
✅ Over the medium term, RBI move to increase Indian bonds’ correlation with global factors
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India rose 0.15 percent to 10,746 as of 6:42 a.m.
Stocks in Asia were off to a muted start on Monday, with Japan and China closed for holidays, as investors weighed the ongoing earnings season against signs of slowing economic growth. The won rallied as the two Koreas moved closer to peace on the peninsula.
Equities in Seoul advanced with the won after North Korea pledged denuclearization on Friday ahead of the upcoming summit between Kim Jong Un and U.S. President Donald Trump. Australian shares gained with Hong Kong equity futures. – Neal Bhai Reports
