Kartik Goyal, Bloomberg

Kartik Goyal


United States

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Past articles by Kartik:

Delhi Extends Lockdown by a Week to Control Virus Outbreak

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. India’s capital extended by a week curbs it put in place to control a new wave of Covid-19 infections. The decision was announced by Delhi’s Chief Minister Arvind Kejriwal in a Twitter post on Saturday. The lockdown was initially imposed on April 19… → Read More

Central Bank Emboldens Funds to Venture Into India’s Long Bonds

(Bloomberg) -- The Reserve Bank of India is making longer-tenor sovereign bonds attractive again. Quantum Mutual Fund has moved to the 10-14 year segment after staying in duration of up to three years in August in its 691 million rupees ($9.4 million) Dynamic Bond Fund. UTI Asset Management Co. → Read More

JPMorgan Says India Making Progress on Global Debt Index Debut

Measures taken by Prime Minister Narendra Modi’s government in opening the sovereign debt market to foreigners have boosted prospects for inclusion in major global indexes, according to JPMorgan Chase & Co. → Read More

PineBridge Says India’s Bond Rally Unlikely to Lure Global Funds

The gains in Indian bonds sparked by the central bank’s measures to ease the market’s debt-supply burden will peter out soon and foreigners are unlikely to buy unless government finances improve, according to PineBridge Investments. → Read More

Bonds Rally in India After RBI Sends ‘Whatever It Takes’ Signal

Sovereign bonds in India rallied after the central bank stepped up measures to crack down on rising yields following a series of weak debt auctions. The 10-year government bond yield plunged 18 basis points, the most since May 13 when a new benchmark was introduced, to 5.93%. → Read More

Bond Yields in India Creeping Back to 6% as RBI Goes Silent

(Bloomberg) -- A conspicuous silence from the Reserve Bank of India regarding support for the nation’s bonds has left traders wondering whether the recent gains in yields is a new normal. → Read More

Global Funds Ditch Indian Bonds on Budget Deficit, Virus Deaths

Global funds used to clamor for more access to India’s debt markets. The high-yielding bonds are now the least popular in Asia as the nation struggles to contain the coronavirus pandemic. → Read More

India Bonds Feel Pain With 10-Year Sale Rescued by Underwriters

India’s sovereign bonds fell after data showed retail inflation spiked in July, raising doubts about further easing by the central bank. The yield on the 5.79% bond due in 2030 rose five basis points to 5.95%. → Read More

India Sold So Many Bonds That It Had to Retire its Benchmark

India is selling so many bonds that the market can’t keep up. The government is retiring the current benchmark 10-year debt just two months after it was issued. → Read More

RBI payout may slump in disappointment for markets, fund says

The RBI will probably transfer as much as ₹60,000 crore for the year to June 30, sticking with estimates unlike last year when the payment was almost double the amount budgeted, the Quantum Advisors said → Read More

Ambani’s Jio Receives $4 Billion Payment For Stake Sales

Jio Platforms Ltd., the digital services business controlled by billionaire Mukesh Ambani, sold about 6% of its shares to investors including Silver Lake and Saudi Arabia’s Public Investment Fund for about $4 billion, a stock exchange filing showed. → Read More

RBI Seen Deploying Hybrid Playbook to Keep Bond Traders Guessing

India’s central bank may adopt its own version of yield-curve control as it digs deeper into its toolbox to cushion the economy during the coronavirus pandemic, according to a unit of the country’s second-largest private lender. → Read More

Bank of America veteran's contrarian bet: India bond yields will keep falling

Yields can be much lower than what we have right now, says Jayesh Mehta, a veteran trader at Bank of America.He’s bullish on the 12-15 year segment of the curve → Read More

Bond Veteran Makes Contrarian Bet India Yields Will Keep Falling

Investors predicting India’s bond yield curve to steepen further are probably reading it wrong. That’s the view of Jayesh Mehta, a veteran trader at Bank of America. → Read More

Traders Pin Hopes on RBI Support After Moody’s Cuts India Rating

Traders in India are yearning for the central bank to backstop the rupee and sovereign-bond markets after Moody’s Investors Service cut the credit rating to the lowest investment grade. → Read More

Foreigners Flee India’s Bond Market Just When It Needs Them Most

Foreign funds have slashed their holdings of India’s government bonds to the lowest in three years amid dwindling returns, just as the nation embarks on a mammoth borrowing plan. → Read More

Rupee Falls Most in Asia With Stocks as Rescue Plan Falls Flat

India’s rupee declined the most among the emerging Asian countries and stocks fell as investors were unimpressed by the government’s stimulus package and easing of lockdown measures. → Read More

Record Cash Sees India Bond Sale Through Despite Borrowing Spike

India’s first sovereign bond auction since the sharp increase in the government’s borrowing sailed through, helped by record cash in the nation’s banking system. → Read More

Bonds in India Give Up Deficit Concerns on Talk of Help From RBI

Sovereign Indian bonds reversed losses amid speculation the central bank may be buying to help steady yields after the announcement of an economic package fanned concerns about a wider budget deficit. Yields on 10-year bonds slid as much as eight basis points to to 6. → Read More

Oil Crash Couldn’t Have Come at a Better Time for India’s Rupee

There are very few positives for India’s rupee at the moment, the plunge in crude oil prices is a major one. Cheaper oil could translate into $40 billion of savings for India, balancing the nation’s current account, according to Bank of America. → Read More