India’s bank scandal to hurt investor debt demand: experts
Sentiment on the country's bonds could suffer in the short term following the PNB scandal, but fund managers say foreign investors cannot ignore this high yield market for too long.
India’s biggest banking scandal is likely further cloud foreign investor sentiment on local currency Indian bonds that are already performing badly. But the allure of high relative yields is likely to prove too strong for international investors to resist for long, claim fund managers and fixed income market specialists.
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