Rupee Worries India's Top Bond Underwriter More Than Deficit
- October foreign outflows from debt, stocks worrying: I-Sec PD
- RBI may raise rates in February, and in June quarter: Jhingan
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One of India’s largest debt underwriters says the rupee, Asia’s worst-performing currency this year, is a bigger worry for the $730 billion sovereign bond market than a miss by the government on its budget deficit target.
With the U.S. Federal Reserve expected to continue its tightening cycle and key elections due in India later this year and next, global funds may not be keen to put money to work in the nation’s assets, Shailendra Jhingan, chief executive at ICICI Securities Primary Dealership, said in an interview.