Aug
03
India Companies Choose Bonds Over Loans, First Time in a Decade
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Interest in Indian economy will continue to be strong: ANZ
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Barclays, ANZ, Credit Suisse raised rupee forecasts recently
There’s no stopping the rupee. Strategists say Asia’s best-performing currency of the past six months could climb further as the Reserve Bank of India’s interest-rate cut lures more inflows into local shares.
Benchmark borrowing costs in Asia’s third-largest economy stand at the lowest since 2010, which could spur growth, boost corporate earnings and encourage foreign funds to add to $8.8 billion of Indian stock purchases this year. That optimism sent the rupee to a two-year high after the RBI’s decision on Wednesday…
India Companies Choose Bonds Over Loans, First Time in a Decade
