Chinese bonds have been gaining since October as PBOC pivots toward easing, even as Treasuries lead a global rout with other major central banks normalising policies.
The govt will adhere to its plan to borrow Rs 12.05 trillion in the year through March. FM Nirmala Sitharaman had earlier indicated that the govt may borrow about Rs 1.6 trillion extra.
The quick turn in sentiment came after the benchmark 10-year yield rose to its highest since March, accentuated by an RBI policy review held on 6 August.
Traders fear latest crackdown on China's education, food delivery & property sectors could expand to other industries, as it looks to tighten grip on Big Tech and reduce wealth gap.
Govt wants to sell 12.1 trillion rupees of bonds in next fiscal to support its spending plan, but central bank officials are reluctant to let the 10-year yield increase.
With asset values still seen as inflated, investors are waiting for a potential second downturn after stimulus measures end but before mass vaccinations enable economies to restart.
Greens have a sizeable support in the Western countries with clean air and blue skies, but not in India, where poisonous air, water and soil kill millions.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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