Steady hand: An Indian pedestrian walks out of the Reserve Bank of India building in Mumbai. Confidence over its support has outweighed concerns over the government’s plan to increase debt sales. — AFP
MUMBAI: The Reserve Bank of India (RBI) 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 (US$9.4mil) Dynamic Bond Fund. UTI Asset Management Co has turned overweight on bonds maturing in up to 15 years, after cutting duration two months ago.
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