Global investors turn down Indian debt as index inclusion stagnates – Currency
Global investors turn down Indian debt as index inclusion stagnates – Currency
Foreign fund managers are turning down on Indian debt after policymakers skipped opportunities to implement reforms needed to get into global bond indices. PineBridge Investments Europe Ltd. and Lombard Odier now expect Indian bonds to fall after this month’s budget failed to address tax changes needed to get sovereign debt listed on the Euroclear platform. […]
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