INDIA: Country Wrap: In Depth Trade Discussions to Start.
Apr-15 05:16By: Jamie Grant
India
- India will start sector-specific trade discussions with the US next week with key agreements hoping to be in place within six weeks. (source BBG)
- The Reserve Bank of India will buy 400 billion rupees ($4.6 billion) of bonds through open market operation auctions on April 17, according to an official statement. (source RBI)
- India's NIFTY 50 has risen +2.1% in early trading, following on from yesterday's gains of +1.92%.
- INR: the rupee is having another strong day, rising +.44% to be 85.66.
- Bonds are strong following the announcement of the OMO with the 10YR -3bps at 6.41%
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