global debt markets

The Financial Times reports that AI hyperscalers — the largest cloud and AI infrastructure providers such as Microsoft, Amazon, Google and Meta — are transforming debt markets. Their enormous spending on data centres and computing power is driving new borrowing at historic scale, changing how credit is priced and who dominates corporate bond issuance.

India's rupee and government bonds remain under pressure as elevated oil prices and firm global yields weigh on the country's markets. Higher crude costs strain India's import bill and inflation outlook, while rising international yields reduce the appeal of local debt. Analysts say both pressures may keep the rupee weak and bond yields elevated until global conditions ease.