Kartik Goyal Bloomberg

Mr Sankar is likely to succeed B.P. Kanungo who retired last month as the deputy governor in charge of currency management, external investments, operations, payment and settlement system

The country's failure thus far to join China in global debt indexes is adding to investor concerns about meager inflation-adjusted yields and a widening fiscal deficit.

The rupee is Asia's worst performer with a year-to-date loss of 4 per cent.

The rupee may strengthen to 75 per dollar by the end of December, an advance of about 1 per cent from Friday's close of 75.6475, according to a Bloomberg survey.

How the government handles the coronavirus could prove influential in determining India's appeal once the current global market turmoil subsides.

The government on Tuesday said it will sell Rs 4.88 lakh crore ($64.5 billion) of bonds in the six months to September. While the number is less than what the market expected, the auctions may get fewer bids as the crackdown to stop the spread of the coronavirus forces traders and bankers to stay indoors.

The first signs that Indias Rs 59,25,000 crore sovereign bond market is cracking under the strain of the coronavirus pandemic showed up on Tuesday. For half an hour after trading started, nobody bought or sold a bond on the Reserve Bank of Indias platform. Volumes at the mid-day was just Rs 655 crore, compared with the years daily average of Rs 45,...

The rupee's one-month risk-reversal rate shows that the premium to protect against dollar strength in the options market surged to the highest since November 2013 on Thursday.

Authorities may deploy some of the stockpile to steady the rupee, which has tumbled more than 2 per cent over the past week as more locals are diagnosed with the coronavirus.

The rupee, which has slumped almost 5 per cent from this year's high in July, is also under selling pressure due to escalating levels of public debt and a credit crunch among non-bank finance companies, known as shadow banks.

Sovereign bonds fell in August, with the yield on benchmark 10-year notes rising by 19 basis points amid worries the government may borrow more to finance any potential fiscal stimulus to boost a slowing economy.

Weak fundamentals aside, the currency is also in a seasonally weak month. The rupee has slid an average 2.3 per cent in August over the past nine years, data compiled by Bloomberg show. Yet this time, the losses are much larger than usual and have erased gains accumulated in June and July.

The fear is that India may tread the well-worn paths of other developing countries such as Argentina and Greece who were saddled with sizable foreign borrowings after they failed to balance their budgets.

Government needs funds for its infrastructure and borrowing overseas makes lot of investment economically viable, PM Modi said in an interview.

The rupee is emerging Asia's top performer in the past three months, thanks to the gush of foreign cash.

Mr Sankar is likely to succeed B.P. Kanungo who retired last month as the deputy governor in charge of currency management, external investments, operations, payment and settlement system

The country's failure thus far to join China in global debt indexes is adding to investor concerns about meager inflation-adjusted yields and a widening fiscal deficit.

The rupee is Asia's worst performer with a year-to-date loss of 4 per cent.

The rupee may strengthen to 75 per dollar by the end of December, an advance of about 1 per cent from Friday's close of 75.6475, according to a Bloomberg survey.

How the government handles the coronavirus could prove influential in determining India's appeal once the current global market turmoil subsides.

The government on Tuesday said it will sell Rs 4.88 lakh crore ($64.5 billion) of bonds in the six months to September. While the number is less than what the market expected, the auctions may get fewer bids as the crackdown to stop the spread of the coronavirus forces traders and bankers to stay indoors.

The first signs that Indias Rs 59,25,000 crore sovereign bond market is cracking under the strain of the coronavirus pandemic showed up on Tuesday. For half an hour after trading started, nobody bought or sold a bond on the Reserve Bank of Indias platform. Volumes at the mid-day was just Rs 655 crore, compared with the years daily average of Rs 45,...

The rupee's one-month risk-reversal rate shows that the premium to protect against dollar strength in the options market surged to the highest since November 2013 on Thursday.

Authorities may deploy some of the stockpile to steady the rupee, which has tumbled more than 2 per cent over the past week as more locals are diagnosed with the coronavirus.

The rupee, which has slumped almost 5 per cent from this year's high in July, is also under selling pressure due to escalating levels of public debt and a credit crunch among non-bank finance companies, known as shadow banks.

Sovereign bonds fell in August, with the yield on benchmark 10-year notes rising by 19 basis points amid worries the government may borrow more to finance any potential fiscal stimulus to boost a slowing economy.

Weak fundamentals aside, the currency is also in a seasonally weak month. The rupee has slid an average 2.3 per cent in August over the past nine years, data compiled by Bloomberg show. Yet this time, the losses are much larger than usual and have erased gains accumulated in June and July.

The fear is that India may tread the well-worn paths of other developing countries such as Argentina and Greece who were saddled with sizable foreign borrowings after they failed to balance their budgets.

Government needs funds for its infrastructure and borrowing overseas makes lot of investment economically viable, PM Modi said in an interview.

The rupee is emerging Asia's top performer in the past three months, thanks to the gush of foreign cash.