India assets take Moody`s cut in stride; Focus on RBI support
(WorldNews India)

By Subhadip Sircar India`s rupee, sovereign bonds and stocks climbed as investors looked past the cut in the nation`s credit rating by Moody`s Investors Service to the lowest investment grade. The most-traded 6.45% 2029 bond yield was down 5 basis points to 6%, while the rupee gained 0.3% to 75.3562 per dollar. Equities posted their longest winning streak since November amid optimism that the easing of nationwide lockdown will help businesses. Read: Moody`s downgrades India rating to a notch above ‘Junk` The downgrade didn`t come as a surprise as India`s...