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Indian bonds slump on higher borrowing

Dec. 28, 2017 4:27 AM ETIIF, INP, EPI, PIN, INR, INDY, INDL, INXX, SCIN, INCO, INDA, SMIN, GLINBy: Yoel Minkoff, SA News Editor1 Comment
  • Indian bond yields spiked today after the government said it would borrow an additional 500B rupees ($7.8B) for the current fiscal year to March 2018.
  • The figure that could lead to the breaching of the government's fiscal deficit target, currently set at 3.2% of GDP, for the first time in four years.
  • That could spook investors, who worry that the resulting inflationary impulse could prompt the central bank to raise rates.
  • ETFs: EPI, INDA, INDY, SCIF, INDL, PIN, SMIN, INXX, IIF, INP, INCO, INR, SCIN

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