(Bloomberg) -- Investors should buy India's bonds because inflation will slow and rising bank deposits will mean more money will flow into debt, according to JPMorgan Chase & Co., the third-biggest bank in the U.S.
Indian banks are required by the central bank to invest 25 percent of their deposits in government bonds. Deposits in India rose 22 percent in the year ended April 27, beating a 20 percent gain the previous year as the economy grew at the second-fastest pace among major economies, driving interest rates higher.
Read more at Bloomberg Bonds News
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