Going Long on Short Bonds Gets Boost in India from RBI Cash Move
Investors are set to funnel surplus money into short-term bonds, further boosting an already favored play in India's debt market, after the central bank's surprise decision to inject more cash into the banking system.
The Reserve Bank of India's unexpected move to release 2.5 trillion rupees ($29 billion) starting September may prompt lenders to favor shorter-tenor securities over longer-dated ones, say investors including UTI Asset Management Co. and PGIM India Asset Management.
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