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Sales of rupee bonds rated below AAA have halved so far this year to Rs 699 billion ($9.7 billion) as a wave of debt defaults and a funding crunch in the shadow banking sector make investors reluctant to buy riskier notes.
Debt crisis hurts corp bond market
Divya Patil & Subhadip Sircar
12 Sep 2019 1:37 AM

The slowest growth in India's economy since 2013 also makes it harder for companies seeking funds.

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