A customer holds Indian rupee notes at a store in the Dadar wholesale flower market in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

Moody's Unit Sees Caution in India Money Market on IL&FS Default

(Bloomberg) -- A rare default in India’s corporate debt market may prompt households to scrutinize the fine print on money-market funds, which have grown in popularity over lower-yielding bank savi...

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