Indian benchmark bond, the highest- yielding sovereign bond in the Asia-Pacific area, is showing progress by yielding 7.27% at a rank of 14. Factors of falling oil prices, which in turn will help decrease India’s trade deficit, RBI’s ever so slightly roping in rates, and the exchange rate picking up the momentum again, after an all-time low of ₹80.06 against the dollar; will pull in FPIs investments in local debt securities. August has already witnessed FPIs turning into net buyers, investing $698 million in local debts.
