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Foreign funds are dumping Indian bonds at the fastest pace since December 2016 after a $2 billion bank fraud at Punjab National Bank and a weakening rupee. Foreign holdings have fallen 146.6 billion rupees since February 9, and the rupee is the region's worst performer after the Philippine peso.
Sustained outflows and rupee weakness raise the local cost of dollar-priced imports for Indian feed buyers.
thenationalnews.comBloombergMar 16, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
