Subhadip Sircar

Overseas investors are cutting their holdings of Indian bonds at the fastest pace since at least June, as rising US yields damp the appeal of the Asian nation's fixed-income securities.

India is trying to keep its currency stable to ensure the economy is insulated from global spillovers and financial stability risks, according to the nation’s central bank.

(Bloomberg) -- The Reserve Bank of India’s willingness to defend the rupee makes the country abrdn plc’s top bet in Asia, on the expectation that protection of carry gains will help the country’s assets outperform.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyParis to Replace Parking Spaces With TreesTokyo’s Scorching Summers Focus Public Anger Against Tree CuttingNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesNew York’s Transit Agency

The Reserve Bank of India's willingness to defend the rupee makes the country abrdn plc's top bet in Asia, on the expectation that protection of carry gains will help the country's assets outperform.

Indian bonds are set for the best year in four and investors expect more gains on a combination of policy drivers and resilient domestic demand.

Options traders have increased bearish wagers on the Indian rupee after data showed a sharp slowdown in the nation's economic growth, heaping further pressure on the currency that's hit a series of record lows in recent days.

India’s central bank will likely keep interest rates unchanged on Friday, with traders focused on liquidity boosting measures after a surprise slump in economic growth.

India’s central bank said it will allow banks to raise interest rates they can offer non-resident Indians, as it seeks to attract more inflows to stem a decline in the rupee.

There has been no decision by the so-called BRICS block about creating a common currency to reduce usage of the dollar, India’s central bank chief said.

There has been no decision by the so-called BRICS block about creating a common currency to reduce usage of the dollar, India's central bank chief said.