India's Bond and Loan Markets Boosted by Diaspora Dollars

Race for Diaspora Dollars Pumps Up India’s Bond, Loan Markets

A surge in dollar demand from Indian lenders racing to boost the leverage on foreign currency deposits they are offering to overseas citizens is firing up its dollar bond and loan markets, with global banks rushing to capture the business, according to people familiar with the matter.

By Saikat Das and Divya Patil