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Indian banks unloading bonds but foreigners are buying

Local investors worry about debts but foreigners see India as emerging Asia's best-performing market

Published Tue, Jul 4, 2017 · 09:50 PM
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Mumbai

INDIA'S US$750 billion sovereign-debt market is caught in a tug of war between foreign investors and state-run banks, the biggest holders of the securities.

As lenders sold 952 billion rupees (S$20 billion) of sovereign bonds last quarter, overseas funds added more than 422 billion rupees to their holdings of the debt.

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