Investors May Shy Away From Masala Bonds Even After Kerala Sale
The portrait of Mahatma Gandhi is displayed on an Indian 2,000 rupee banknote in an arranged photograph in Bangkok, Thailand. (Photographer: Brent Lewin/Bloomberg)

Investors May Shy Away From Masala Bonds Even After Kerala Sale

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(Bloomberg) -- India has just seen its first local government sell an offshore rupee-denominated bond, but it may not see a rush of issuers as investors are unlikely to take on currency bets at a t...
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