Bloomberg News

India Bonds Gain as Government May Raise Foreign Investment Cap

October 17, 2011

Oct. 17 (Bloomberg) -- India’s bonds gained after a finance ministry official said the nation may raise the cap for foreign institutional investment in sovereign debt.

The yield on the 7.80 percent note due April 2021 fell to 8.76 percent from 8.80 percent before the official’s comments were published. The rate was at 8.78 percent on Oct. 14.

To contact the editor responsible for this story: V Ramakrishnan at rvenkatarama@bloomberg.net


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