Indian rupee bond traders will look forward to the central bank’s liquidity-management operation Tuesday. The rupee may fall against the dollar as oil prices climb to a seven-year high.
- 10-year yields little changed at 6.25% on Monday
- USD/INR rose 0.3% to 74.3138
- Reserve Bank of India will hold a Rs 2 lakh crore 7-day reverse repo operation, and traders will closely watch the cutoff after the previous operation resulted in a higher-than-expected yield cutoff
- Global funds buy net Rs 861 crore of India stocks Monday: NSE
- They bought Rs 12 crore of sovereign bonds under limits available to foreign investors, and withdrew Rs 1,480 crore of corporate debt
- State-run banks bought Rs 6,050 crore of sovereign bonds on Oct. 1: CCIL data. Foreign banks sold Rs 969 crore of bonds
