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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