26-April-2024
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Markets and Finance
 
Bonds Face Barrier in India as Banks Sell Into Every Rally
19-Nov-2018

India’s sovereign bonds face a conundrum. Every rally hits a wall of selling as the nation’s state-owned lenders, the biggest holders of debt, head for the exit. Public-sector banks have cut holdings by a net 290 billion rupees ($4 billion) this quarter, even as sovereign bonds are poised for their first quarterly advance in more than a year.

News Source:- https://www.bloomberg.com/news/articles/2018-11-18/bonds-face-barrier-in-india-as-state-banks-sell-into-every-rally
 
 
 
 
 

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