Billionaire Kumar Mangalam Birla's Grasim Industries Ltd. and UltraTech Cement Ltd plan to raise a combined Rs 7.5 billion ($108 million) selling five-year bonds
India's company debt market remains puny compared with the funding needs of the $2.6 trillion economy
Tightening the spigot on debt purchases is bad news for a market already jittery about heavy supply of paper from PM Modi's record $100 bn borrowing plan
If the 10-year yield stays elevated despite slowing growth and inflation, high real long-term interest rates will further depress private borrowers' sentiment
Next trigger for bonds will come from the central bank's policy decision on Thursday, when it is expected to change its stance to neutral while keeping rates on hold
On a gross basis, states are estimated to borrow between Rs 5.5 trillion and Rs 5.7 trillion in the next fiscal year
A section of the market expects the government to borrow at least Rs 7 trillion, up from its current fiscal's Rs 6 trillion
While FY17 was an inflection point - the share of funds raised through bonds overtook that of bank financing to move up to 51:49, from the 41:59 in FY16
For the rupee, 2019 could be a difficult year as geopolitical uncertainties still loom large
A weakening won -- the currency is Asia's worst performer this quarter -- and a November rate increase by the Bank of Korea, its first in a year, have failed to deter overseas buyers
The OMO purchase in the present fiscal year will be around Rs 2.5 trillion
The central bank sold $5.7 billion of foreign exchange in the week ended Oct. 12, up from $752 million in the previous week
Non-rating segments to provide some support, says analysts; corporate bond issuance already down 30% in H1FY19
S&P 500 has worst week in a month as 10-year yields hit 3.2%
Since mid-September, the RBI has conducted two OMO purchases, infusing Rs 200 billion, to ease liquidity pressure
A long-term investor has to be ready to weather any storm
India's benchmark 10-year sovereign bonds have slumped in six of the last eight months
Bond market investors are willing to give money to companies rated AA and above, according to the criterion in the Sebi consultation paper
So far, Indian equity investors have ignored this. But there could be some impact with a lag
A reduction in financial repression, without a commensurate reduction in the fiscal deficit, and a wariness to open foreigner limits more aggressively create a fragile bond-market equilibrium