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David Cameron Receives Indian Delegation As Gandhi Statue Is Unveiled In London

Indian Rupee at 2-month high on rising outflows

The Indian currency Rupee against the US dollar rose to highest since November 2015 on increasing outflows from Indian stocks and bonds. The Chinese markets were witnessing selloff and this also resulted in further withdrawal by foreign investors in Indian markets. The net outflow from Indian markets in January so far was at $686.2 million putting more pressure on currency reserves.

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Wells Fargo

Bond Market Selloff Got Banks Taking Capital Hit

According to analysts, big US banks were caused a multi-billion dollar dent after the selloff in the bond market in the last eight weeks.

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Gundlach

Bond market selloff ends soon - Gundlach

Gundlach said that now is the time to buy riskier bonds as the bond market selloff is near to end.

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