Indian Bonds Sink on Central Bank Debt-Sale Plan, Global Selloff

Indian bonds declined after the central bank said it would sell sovereign notes to drain cash from lenders, adding to the supply of debt in a year when the market...

By Bhaskar Dutta · Bloomberg Markets

Indian bonds declined after the central bank said it would sell sovereign notes to drain cash from lenders, adding to the supply of debt in a year when the market is already under pressure from record government borrowing.