State-owned banks bought $2.5 billion of bonds in February, the biggest monthly purchase since 2006, after selling heavily over the past year as the RBI injected liquidity.
JP Morgan included Indian bonds in its widely-tracked emerging markets bond index, exposing them to foreign investors. Finance Ministry officials and market analysts both lauded move.
RBI's decision to allow direct retail participation could be a game changer. The central bank adds that it is unlikely to cut flow of funds into bank deposits.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
COMMENTS