Indian Firms Sell Record Amount of Rupee Bonds After Stimulus
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)

Indian Firms Sell Record Amount of Rupee Bonds After Stimulus

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Indian companies have raised about 4 trillion rupees ($54.2 billion) through local notes since April 1, the best start to a financial year ever. The flurry mirrors unprecedented issuance around the world. It comes after unconventional stimulus steps by the authorities drove spreads on AAA rated three-year corporate bonds to the lowest level in close to 15 years.

Indian Firms Sell Record Amount of Rupee Bonds After Stimulus

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