Rupee, bond may stay calm as Fed's $15-bn taper on expected lines

The US Federal Reserve’s $15 billion monthly taper is unlikely to affect India’s bond and currency market, as global markets, including in India, were prepared for up to $20 billion cut-back a month. 

 “The taper was mostly factored in and will only have a marginal impact. There is no tantrum, rather it is happening smoothly this time,” said Joydeep Sen, consultant, fixed income, at Phillip Capital. 

“Maybe we will see some nominal incremental impact when it actually happens, but there are so many factors in a dynamic market,” Sen said. 

The US Federal Reserve said it would start its tapering later this month.