 "Flip-Flops on India's Offshore Bond Sale Confounds Traders")
Confusion over India’s plans for a $10 billion overseas bond sale is getting worse with each passing day, frustrating investors.
Bonds dropped Thursday, after capping their best month in July in more than 2 1/2 years, after an official told reporters that the government hasn’t yet decided whether it will issue an offshore bond this fiscal year ending in March. Another official said later in the day that consultations on the sale were on.
It was only on Monday that Finance Minister Nirmala Sitharaman was quoted by the Economic Times saying that she isn’t rethinking the offshore plan. The report had led
