India’s Markets Prove Immune to Trump’s Election Upset
- Governor says RBI is in the market; rupee slips less then yen
- Indian benchmark yield is flat despite big move in Treasuries
This article is for subscribers only.
Indian assets took the US election result in their stride, ring-fenced from the upheavals in other Asian markets as Donald Trump appeared increasingly likely to recapture the White House.
India’s rupee slipped just 0.2%, a fraction of the drop registered by the yen or Korea’s won. The South Asian country’s benchmark 10-year yield was flat, compared with a 3 basis point increase for Indonesia’s and 18 basis points for their US counterpart.