Indian Debt Funds Cut Hedges as Oil Risks Inflate Rate-Hike Bets

Some Indian debt fund managers are cutting back on interest-rate hedges against their bond holdings, saying markets have already priced in an excessive rise in borrowing costs driven by a...

By Subhadip Sircar, Divya Patil · Bloomberg Markets

Some Indian debt fund managers are cutting back on interest-rate hedges against their bond holdings, saying markets have already priced in an excessive rise in borrowing costs driven by a surge in oil prices.