Modi Budget Seen Slipping With India Bonds Turning Asia's Worst

  • Investors have lost money on rupee sovereign debt in 2016
  • Gross government borrowing to be 6.8 trillion rupees: survey

Indian sovereign bonds have turned into Asia’s worst performers in 2016, from the best in the previous two years, amid concern Prime Minister Narendra Modi’s budget will show fiscal discipline is slipping away.

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