RBI measures may boost local bond demand amid rupee pressure

What happened: Indian companies may return to the local bond market after recent central bank measures aimed at stabilizing the rupee, as high overseas yields and rising hedging costs narrow their borrowing options. Key numbers: A large bank's external benchmark-linked lending rate is 8%, with top-tier borrowers Why it matters: Analysts say issuers that cancelled bond offerings when yields exceeded bank borrowing costs may return, though they may accept bids only up to a yield level they are comfortable with. Rising bank borrowing costs could make bonds more competitive for some companies.

RBI measures may boost local bond demand amid rupee pressure.

RBI measures may boost local bond demand amid rupee pressure. — impact context not separately stored; see What changed.