Indian corporations accelerated bond issuances this quarter as Reserve Bank of India measures to support the rupee lowered borrowing costs, bankers said Friday.
Companies across sectors tapped debt markets to fund expansion and refinance existing obligations. Demand from domestic and foreign investors has strengthened amid improving macro conditions.
The RBI’s interventions helped stabilize the currency after periods of depreciation linked to forward maturity demand and global oil price volatility tied to the Iran war.
Analysts said the favorable rate environment could persist if index-driven foreign inflows continue into government and corporate debt.
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Sources:
https://www.business-standard.com/economy