A man prays to a deity on display, not pictured, at the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
In a World of Negative Yields, India Bonds Rally to 2016 Highs
(Bloomberg) -- Sovereign Indian debt streaked ahead, sending benchmark yields to 2 1/2-year lows, amid growing expectations of deeper rate cuts by the central bank and increased foreign demand.