 "economy")
Competition among India’s biggest local-currency bond arrangers has heated up to the most intense in 13 years, as credit growth stronger than in many other major economies spurs more rupee debt offerings.
Indian businesses are hungry for credit, despite rising interest rates, as they borrow to cover higher operational costs and for more investments. Corporate bond sales also got a boost this month from record issuance of riskier debt by banks to buffer their capital and allow more lending.
