BUSINESSBLOOMBERG
HSBC Buys At Least $3 Billion India Bonds After FX Deposit Boost
HSBC Holdings Plc has purchased at least $3 billion of Indian government bonds since July. These funds were deployed using a large pool derived from a special diaspora dollar deposit program.
Related Signal
Adjacent reporting
- INR/USD: HSBC Offers Indian Diaspora 19x Leverage on FCNR(B) Deposits
- India’s Central Bank Says Forex Deposit Inflows at $65.4 Billion
- India’s FX Reserves Climb Toward Record on Foreign Inflows
- Race for Diaspora Dollars Pumps Up India’s Bond, Loan Markets
- Indian Lenders Set Record With $8 Billion in Dollar Bond Sales