WSJ : ndia Bonds Fall On Fiscal Deficit Concerns, Rupee Up
MUMBAI (Dow Jones)--Indian government bonds ended lower Tuesday on worries the government's fiscal deficit aim of 4.6% of the GDP may be at risk and could trigger higher market borrowing after a finance ministry official said higher interest rates could hurt tax revenue.
The benchmark 7.80% 2022 bond ended at INR96.19, down from INR96.39 at Monday's close while the most-traded 8.08% 2022 bond ended down at INR97.16, compared with INR97.35 at last close.
Federal Revenue Secretary Sunil Mitra said any further monetary tightening by the Reserve Bank of India would impact corporate ...
