Bonds Face Barrier in India as Banks Sell Into Every Rally
Indian ten rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Bonds Face Barrier in India as Banks Sell Into Every Rally

(Bloomberg) -- India’s sovereign bonds face a conundrum. Every rally hits a wall of selling as the nation’s state-owned lenders, the biggest holders of debt, head for the exit.
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