MUMBAI: India’s bonds have roared back from a seven-month sell-off. But traders looking for signs of the rally sustaining may have to wait longer.
State-run lenders, the biggest holders of sovereign debt, remained net sellers in six of the past eight days despite the rebound, taking the average daily withdrawals so far this year to 7.1 billion rupees (US$111mil), data from the Clearing Corp of India show.
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