Yields on government’s 10-year treasury bill surged yet again on Wednesday to close at a 12-week high, as traders, partly spooked by global rating agency S&P’s warning over a possible downgrade of India’s sovereign rating, continued their selling spree.
"If this (GDP) recovery does not materialise, and it becomes clear that India’s structural growth has significantly deteriorated, we could lower the rating,” S&P Global Ratings credit analyst Andrew Wood said on Wednesday. The ra ..
