Deutsche Sees Any Rate Cut By RBI Boosting India’s Bond Market

Deutsche Sees Any Rate Cut By RBI Boosting India’s Bond Market

An interest rate cut by India’s central bank next year can boost the country’s bond market that has already witnessed its biggest ever low-grade local debt sale this year, according to Deutsche Bank.Earlier in June, Goswami Infratech Pvt., a property firm controlled by billionaire Shapoor Mistry, raised 143 billion rupees ($1.7 billion) offering 18.75%, setting a new benchmark in the high-yield market. Deutsche was one of the arrangers to the sal