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Trade pact, rupee rally light up offshore debt window
The Economic Times· 2026-02-04 01:26
Bankers said several issuers that stayed away from offshore markets amid a sharp decline in the rupee are likely to now tap overseas debt.As part of the bilateral trade agreement, the US would slash tariffs on Indian goods to 18% from 50%. This has already triggered buying in Indian bonds and a 5–10 basis point spread compression is seen across in names such as “There has been visible buying in Indian bonds including Vedanta, PFC and REC,” said a bond investor. “We are seeing spread compression in the rang ...