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India's central bank urges foreign investment in corporate bonds

RBI deputy governor says rate cut will quickly ripple through debt markets

Reserve Bank of India Deputy Governor Viral Acharya speaks at a symposium in Tokyo on Monday.  (Photo by Shinya Oshino)

TOKYO -- With India's banks saddled with bad loans, the country's central bank is urging foreign investors to snap up corporate bonds to prop up growth in the slowing economy.

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