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India yields to fall by 40bp as growth slows: RBS
August 03, 2012
A marked decline in imports will lead to a more stable rupee. Combined with slowing credit demand, this will likely push down Indian sovereign bond yields by up to 40bp, according to RBS.
Imports have fallen and India’s trade deficit is at its lowest since early last year. This relieves pressure on the country’s external funding requirements, supporting the rupee, and freeing up liquidity. In addition, low growth means less demand for credit,...
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