Considering the latest concerns surrounding the Indian rupee (INR) and bond yields, seesawing around 71.48 and 6.48% ahead of Monday’s European session, the Australia and New Zealand Banking Group (ANZ) came out with its own analysis. Key quotes “A universal question has popped up amongst investors. There has been a slew of bad news on the India macro story – slowing economy, financial sector problems and a worsening fiscal position. And yet, the Indian rupee and bond yields have remained remarkably resilient. What explains this?” “Ironically, it is the macro stresses that lie at the heart of this paradox. The associated slowing demand for credit, combined with rising risk aversion, is raising the proclivity of the financial sector to increase its exposure to government bonds.” “The rising surplus on the basic balance of payments (BoP) is not only anchoring the rupee, but allowing the Reserve Bank of India (RBI) to inject liquidity through its intervention in the FX markets.” “An official acknowledgment of the fiscal slippage may break the current trends in bond yields and the rupee, but only temporarily. A more sustained reversal will need to wait for a durable revival in growth.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD recovery attempt faces significant resistance “” Confluence Detector FX Street 3 years Considering the latest concerns surrounding the Indian rupee (INR) and bond yields, seesawing around 71.48 and 6.48% ahead of Monday's European session, the Australia and New Zealand Banking Group (ANZ) came out with its own analysis. Key quotes "A universal question has popped up amongst investors. There has been a slew of bad news on the India macro story - slowing economy, financial sector problems and a worsening fiscal position. And yet, the Indian rupee and bond yields have remained remarkably resilient. What explains this?" "Ironically, it is the macro stresses that lie at the heart of this paradox. The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
