Yield-Hungry Foreigners Snap Up India Debt. Local Banks Sell
The sun sets over the Gyanvapi Mosque, left and center, and the Kashi Vishwanath Temple, right, in Varanasi, Uttar Pradesh, India. (Photographer: Kanishka Sonthalia/Bloomberg)

Yield-Hungry Foreigners Snap Up India Debt. Local Banks Sell

(Bloomberg) -- The world’s mounting stock of negative-yielding debt is drawing foreigners to Indian bonds. And they’re finding ready sellers in the nation’s state-run banks, looking to trim holding...
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