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Market move● Neutral for Indian equities
Swelling Bets Against Treasuries Are Fueling Repo Borrowing Cost
The brief
- Traders betting on higher Treasury yields could drive up repo borrowing costs and disrupt US funding markets
- Fed officials diverge: Jefferson urges rate patience, while Kashkari sees need for hikes
- India's $133 billion cash deluge puts RBI on a more hawkish policy path
- A weak rupee would push RBI to follow tightening path
- BOJ debated more rate hikes, scope for faster move at Sept meeting, summary shows
- RBI MPC meet: Why your borrowing costs may go up from October