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Modi’s record debt sales before polls to pressure Indian bonds


MUMBAI: After posting the best quarter in four years, Indian bonds are pitted against a familiar foe: likely record debt sales by the government to finance populist measures before national election due by May.

Prime Minister Narendra Modi’s administration may announce plans to borrow 6.4 trillion rupees (US$90bil) for the next fiscal year in its budget, according to the median estimate of 15 strategists in a Bloomberg News survey.

Economy , India , debt , pressure

   

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