India Short-Bond Rally Faces Risks From Cash Drain, Analysts Say
A blazing rally in India’s short-end bonds, driven by plans to attract foreign capital, may fizzle out because the central bank is expected to drain excess cash from the financial...
By Bhaskar Dutta · Bloomberg Markets
A blazing rally in India’s short-end bonds, driven by plans to attract foreign capital, may fizzle out because the central bank is expected to drain excess cash from the financial system, according to analysts.