Mumbai

ASIA'S highest bond returns, the lowest currency volatility in eight years and the world's fastest growth among major economies are burnishing the appeal of the region's best carry trade - India.

The rupee's Sharpe ratio, which gauges returns from borrowing in dollars to buy the currency adjusted for price swings, was two in the past three months, the most among 11 Asian exchange rates tracked by Bloomberg. The rupee is seen delivering returns of 7.6 per cent by the end of 2017, the highest in Asia. Scotiabank, Goldman Sachs Group Inc and BlackRock Inc are among bulls on Indian fixed-income bets.