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India’s RBI not behind the curve with easy policy, says official

  Bloomberg India’s central bank has not fallen behind the curve, having maintained an easy monetary policy stance even as other economies across the world have started tightening, a top official said. “India held its ground and is among a few countries that have retained an accommodative monetary policy, despite some views that we have fallen behind the curve,” Reserve ...

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US futures trade lower while global stocks rally

  Bloomberg Global stocks extended a rally as Federal Reserve officials cautioned against disruptive policy tightening and US companies signaled another strong earnings season. US index futures swung from gains to losses in line with volatile moves seen over the past several days. Futures on the Nasdaq 100 Index were little changed, while those on the S&P 500 Index were ...

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India’s benchmark bond yields surge

  Bloomberg India’s benchmark bond yields surged to the highest in two and a half years after the government unveiled plans to issue record amount of bonds in the next financial year. The selloff was exacerbated as the annual budget announcement lacked the widely expected measures to facilitate inclusion of the nation’s debt into global bond indexes. Elevated bond sales ...

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