Safety Drives Top India Bond Underwriter to Sovereign Debt
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes in an arranged photograph in Thailand. (Photographer: Brent Lewin/Bloomberg)

Safety Drives Top India Bond Underwriter to Sovereign Debt

(Bloomberg) -- As India’s credit markets reel from a string of defaults, the nation’s top bond underwriter is taking refuge in the safety of government debt.
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