By Kartik Goyal Foreign funds have slashed their holdings of India’s government bonds to the lowest in three years amid dwindling returns, just as the nation embarks on a mammoth borrowing plan. The amount of sovereign securities held by global funds has slumped 767 billion rupees ($10 billion) from this year’s peak in February as steep hedging costs diminished pay-offs in one of Asia’s highest-yielding markets. The rupee’s plunge by about 6% in 2020 further reduced the appeal of Indian debt. “While the dollar cost of funding has come down for overseas investors, the cost of hedging foreign currency risk has stayed stubbornly high,” said Harihar Krishnamoorthy, treasurer at FirstRand Bank Ltd in Mumbai. “On a fully hedged basis, the spreads on government bonds could even be negative for short term paper, thus appetite from foreign investors is going to be lackluster.” Foreigners hold about 1.1 trillion rupees or less than 2% of … [Read more...] about Foreigners flee India’s bond market just when it needs them most
Foreign investment risk review modernization act
Glennon Doyle Melton’s memoir Love Warrior is an exploration of the tragic reality of a woman honed painstakingly to a reconciliatory state. Melton’s memoir reveals the story of her past as a pathological bulimic and alcoholic who turned to a sober life in order to get her marriage and consecutive motherhood on proper track. Her story reveals how three kids later, Melton realizes that her husband has also been fighting a dangerous addiction to pornography and sex with strangers. As she kicks him out, Melton resorts to God, goes into therapy, and practises yoga. In these activities, she finds a series of insights that allow her to transform her life. Love Warrior is the compelling tale of a couple’s earnest endeavour to fight against the evils of addiction and rebuild their lives, separately. Finding her husband caught in a web of deceit and sexual encounters, Glennon begins to understand his struggles looking into her own past battles with various addictions. … [Read more...] about Micro review: ‘Love Warrior’ is an inspiring recovery tale of the soul
* The effects from caffeine reach peak levels within 30 to 60 minutes of consumption. This is the time you’re most likely to experience the 'jittery' effects of caffeine. You might also urinate more due to the liquid volume being ingested and caffeine's mild diuretic effect … [Read more...] about Science commentator Dr Karl says coffee is ‘magnificent’ for your health and can reduce the risk of cancer and heart disease – but how much is too much?
"The 14 day quarantine is very much needed and well done to the ICC for including that. I think we will see resumption of international cricket with England hosting West Indies in July. We might have some practical ideas then, the other countries would also be watching keenly and will learn how to go about it. … [Read more...] about Former cricketers want ICC to review some of the impractical guidelines
In Hong Kong, investors are moving on from last week's sharp losses. On Friday, the Hang Seng had its worst day in nearly five years after Beijing moved to pass a controversial national security law, a blow to the financial hub's autonomy. … [Read more...] about Asian stocks rise, boosted by ‘re-opening optimism’