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Anticipation of aggressive rate cuts and relaxed FPI regulations spurred a bond market rally, driving the 10-year G-Sec yield below 6.30%. Sebi's proposed easier KYC norms for IGB-FPIs and RBI's relaxed rules for FPI corporate bond investments boosted market sentiment.
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In the fund manager survey, 42% said they are overweight on India, followed by 39% for Japan, and 6% for China. Thailand fared the worst. A total of 109 panelists with $234 billion of assets responded to the survey's regional questions.
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More than 1,000 Starbucks baristas at 75 U.S. stores have gone on strike since Sunday to protest a new company dress code, a union representing the coffee giants workers said Wednesday.
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News and Media
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