Bank of America Trader Warns India State Debt Deluge Will Worsen

India must find ways to reduce borrowings by its provinces as a record issuance by them will weigh on bonds and keep interest rates high, according to a veteran trader...

By Pratigya Vajpayee, Bhaskar Dutta · Bloomberg Markets

India must find ways to reduce borrowings by its provinces as a record issuance by them will weigh on bonds and keep interest rates high, according to a veteran trader at Bank of America Corp.