HSBC Sees $13 Billion of RBI Buying Boosting Best Asia Bonds (2).

"There is a paradigm shift in the way that monetary policy is operating, as the central bank uses the liquidity tool over interest rates", said Suyash Choudhary, Mumbai-based head of fixed income at IDFC Asset Management Co. that oversees about 543 billion rupees of assets. "The factor that's been most instrumental in the rally has been the RBI's bond purchases", said Manish Wadhawan, HSBC's Mumbai-based head of interest-rate trading. [Extracted from the article]