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FXWire Pro Headline | February 15 2013 10:38 EST
Quotes from Barclays Capital:
-India's January inflation sharply surprised on the downside, suggesting waning inflationary pressures on the back of a subdued economy, enhancing the possibility of further RBI easing in March.
-We expect policy rate cuts of 75bp in coming months and recommend buying 30y government bonds, which we expect to outperform on a total return basis, as we think the yield curve will fall in parallel.
-India will auction INR665bn (~USD12.3bn) of FII limits in government and corporate debt on 20th February, and we recommend investors to bid for quota.
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