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Economy

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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