Indian markets appear to have taken last week’s ratings upgrade from Moody’s in their stride, with the rupee recording only very small gains against the US dollar and the 10-year bond yield staying close to its highest level in over a year. Looking ahead, we continue to expect the rupee to weaken and bond yields to rise over the coming months.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.