Asian credit correspondent
- +65 6417 4544
India’s central bank cut interest rates and relaxed restrictions on debt investments on February 7, handing a surprise boost to the rupee bond market in the run-up to this year’s general election.
India’s first debt exchange-traded fund is preparing for a launch in the financial year beginning April 2019, offering retail investors a new investment vehicle and public-sector issuers potentially better access to funding.
Bharti Airtel’s dollar notes sold off after Moody’s downgraded its rating to junk over concerns about profitability caused by heightened competition in the Indian telecom market.