Record Cash Sees India Bond Sale Through Despite Borrowing Spike
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee banknote. (Photographer: Brent Lewin/Bloomberg)

Record Cash Sees India Bond Sale Through Despite Borrowing Spike

(Bloomberg) -- India’s first sovereign bond auction since the sharp increase in the government’s borrowing sailed through, helped by record cash in the nation’s banking system.
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