Amid loan waivers, foreign investors want nothing to do with state bonds1 min read 22 Jun 2017, 03:00 PM IST
Over the last few months, foreign investors are avoiding state bonds even though their pockets are filled to brim with central govt bonds and private corporate bonds
Indian states have never been able to attract dollars to finance their market borrowings. Since October 2015 when state development loans (SDL) were first allowed to be picked by foreign portfolio investors, not more than a trickle has come in.
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