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HSBC Buys At Least $3 Billion India Bonds After FX Deposit Boost

Source: Bloomberg

Banking & LiquidityEmerging MarketsSovereign Debt & RatingsCredit & Bond Markets

HSBC has bought at least $3B of Indian government bonds since July, funded via a special diaspora dollar deposit program. The purchases suggest renewed foreign bank demand for India sovereign exposure, though the information cited is based on sources and may be incremental for overall market pricing.

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