HALISTER1: India FY 2018 Borrowings Seen Non-Disruptive, Trust Capital Says

India FY 2018 Borrowings Seen Non-Disruptive, Trust Capital Says

(Bloomberg) -- India govt’s planned net borrowing of 3.48t rupees for FY2018 is “a non-disruptive number, lower than what market was expecting,” says Sandeep Bagla, associate director at Trust Capital Services.
  • Yields can settle at lower levels now that supply-side concerns are over, he adds
  • Yield on 10-year bond falls 3bps to 6.38%
  • NOTE: India Revises FY18 Budget Deficit Goal to 3.2% of GDP, Finance Minister Jaitley says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Sandeep Bagla (Trust Capital Services Pvt Ltd)

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