Soaring Indian state bond issuance adds to Modi’s challenges – Bloomberg
Photographer: Dhiraj Singh / Bloomberg Photographer: Dhiraj Singh / Bloomberg A steady increase in bond issuance by Indian states means that the federal government will likely have to pay a higher price for Prime Minister Narendra Modi’s record-breaking borrowing plans. “Spreads against government bonds will widen,” said Pankaj Pathak, fixed income fund manager at Quantum […]
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