INSUBCONTINENT EXCLUSIVE:
By Kartik GoyalIndian markets have staged an eye-catching comeback in March after taking a drubbing in the first two months of the year, and
bulls are salivating at the prospect of more gains.
Foreign investors who shunned rupee bonds and stocks in the wake of border skirmishes
with Pakistan have returned as tensions eased, with inflows eclipsing those for closely-watched emerging-market rival Indonesia
Buyers are also emboldened by speculation that the central bank will add to its surprise February rate cut this week and for Prime Minister
4, according to the median estimate in a Bloomberg News survey
That on notes maturing in April 2020 slipped 15 basis points in March to 6.42 per cent.
Rupee government and corporate debt lured $2.4
billion last month through March 27, versus $1.4 billion for Indonesia
Wacker, fund manager for emerging-markets fixed income at UOB Asset Management Ltd
At least four opinion polls conducted in March showed the current ruling coalition led by the Bharatiya Janata Party can either cross or get
close to a majority in the 543-seat Indian lower house.
Voting will take place in seven phases between April 11 and May 19
Indian bonds will continue to attract inflows due to a more dovish Federal Reserve and with the RBI looking to ease policy, he said.
