Indian Firms Line Up 3B in Debt Ahead of RBI Hike
Indian companies are rushing to issue about 3 billion dollars in rupee debt to lock in borrowing costs. Major conglomerates and infrastructure firms prepare the sales ahead of an anticipated Reserve Bank of India rate hike in October.
Insights:
Indian corporations are rushing to issue 290 billion rupees ($3.02 billion) in debt ahead of a potential central bank rate hike. The surge spans short- and long-term bond sales across major conglomerates and financial institutions in India.
