Major Indian companies increasing investments in rupee bonds
Singapore
WHILE Indian companies are taking advantage of falling yields to raise debt, they are also actively increasing their investments in the rupee bond market.
The emergence of major companies as investors will help to broaden and deepen the bond market as they join traditional buyers like banks, mutual funds and insurers. "Blue-chip companies have become very active in the corporate bond market since the yields are attractive and they can generate decent trading income," said an investment banker.
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