All 25 respondents in an Informist poll expect the MPC to keep the repo rate unchanged at 6.50% and maintain the 'withdrawal of accommodation' stance for a fifth consecutive time at the end of its three-day meeting on Friday, even though higher food prices pose an upside risk to inflation.
The yield on the 10-year government bond is expected to fall by the end of the month because of positive global cues, with a few hiccups on the domestic front setting a floor for yields.
IIFL Samasta Finance, a subsidiary of IIFL Finance, plans to raise 140-150 bln rupees through debt instruments in the next financial year starting April, Managing Director and Chief Executive Officer Venkatesh N. says.
Nomura has a positive bias on India's interest rate markets, but it is "certainly not" a top pick for it, with bonds in Indonesia and South Korea providing a better opportunity in the region, the brokerage's Emerging Markets – Asia Rates Strategist Nathan Sribalasundaram tells Informist.
Fundraising through corporate bonds on a private placement basis jumped over twofold from a month ago in November on big ticket offerings from large-sized players. Companies raised 991.68 bln rupees via placement of 242 bonds compared with 405 bln rupees in October.