Subhadip Sircar

2 days ago | bloomberg.com | Subhadip Sircar |Ashutosh Joshi |Menaka Doshi

India’s central bank will cut its benchmark interest rate by a quarter-percentage point Friday on the back of easing inflation to support growth, some of the country’s leading fund managers who together oversee over $73 billion in assets said on Tuesday. Axis Asset Management Co. expects the current easing cycle to end with the repo rate at 5.5% while Kotak Mahindra Asset Management Co. said the rate could go as low as 5%.

1 week ago | bloomberg.com | Anup Roy |Subhadip Sircar

The Reserve Bank of India headquarters building in Mumbai. (Bloomberg) -- India’s central bank gave a record dividend to the government as gains on foreign exchange transactions and interest income boosted its profit. The Reserve Bank of India recorded gains of over 1.11 trillion rupees ($13 billion) from sale of foreign exchange in the financial year that ended in March, up from 836.16 billion rupees the previous year, according to its annual report released Thursday.

2 weeks ago | bloomberg.com | Subhadip Sircar |Ashutosh Joshi

Mumbai. Photographer: Sumit Dayal/Bloomberg(Bloomberg) -- India’s bond yield premium over the US has narrowed to its smallest in two decades, likely risking fund outflows from local debt. The spread between the benchmark 10-year India debt and the US has shrunk to about 173 basis points, a level last seen in 2004, according to data compiled by Bloomberg.

2 weeks ago | bloomberg.com | Maria Elena Vizcaino |Peter Laca |Subhadip Sircar

A supporter waves a Romanian flag outside the campaign headquarters of Nicusor Dan. Photographer: Alexandra Corcode/Bloomberg(Bloomberg) -- An index for emerging-market currencies advanced on Monday as the greenback fell following Moody’s Ratings downgrade of US government debt, while lawmakers in Washington debated more tax cuts. Eastern and Central European currencies led the gains, propelled by a stronger euro as traders looked to move cash out of US assets.

2 weeks ago | news.bloomberglaw.com | Finbarr Flynn |Subhadip Sircar |Chiranjivi Chakraborty

Global funds are pouring money back into India, driving billion-dollar corporate financing deals and sending stocks prices to near a seven-month high, as investors bet that Asia’s third-largest economy can emerge as a winner in President Donald Trump’s trade war. The NSE Nifty 50 Index surged to its highest level since October this week, fueled by optimism that India could be among the first to strike a deal with the US following upbeat comments by Trump.