Top debt issuers and lead arrangers at FinanceAsia's latest Annual Borrowers and Investors Forum, Southeast Asia, cohered around a positive outlook for rupee assets on Thursday.
“I think the dollar has topped out and our favourite local currency asset denomination right now is the rupee,” Kaushik Rudra, head of rates and credit research at Standard Chartered, said to a packed hall in Singapore, encapsulating the optimistic view.
Rudra referenced recent masala issuances and suggested local bond demand in the currency, as well as Indian government moves to liberalise capital markets, heralded an ongoing positive run for rupee bonds.
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