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India’s Bond Market Could Benefit From Some Sin

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Heard on the Street: Borrowing a few billion greenbacks here and there isn’t likely to do any damage to India

In a speech accompanying India’s latest budget, released Friday, Finance Minister Nirmala Sitharaman said the nation would issue foreign-currency

bonds. Local media reported borrowing of about $10 billion could begin in the second half of the year. The Indian government currently has no outstanding...

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