Nomura Sees Rates Backfiring on Auction-Flop Costs

Nomura Sees Rates Backfiring on Auction-Flop Costs

Dhiraj Singh/Bloomberg

A vendor holds Indian rupee notes at his store in the Dadar wholesale flower market in Mumbai. Rupee denominated bonds returned 2.79 percent this year, still Asia’s second-best performance after Philippine debt, according to HSBC Holdings Plc indexes.