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Why are FPIs dumping record India bonds

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Mumbai: Abroad portfolio buyers have bought a record $15 billion of Indian bonds this yr, reflecting their danger aversion for emerging-market debt and issues over the nation’s fiscal well being. The very best ever web outflows may nicely damage demand for Indian debt securities, sending yields in a course reverse to that of coverage rates of interest, now at record lows. If Indian debt continues to lose its attract, sovereign and company funding

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