Q&A: Where Lombard Odier finds value in Indian credit

Covering global debt markets for over a decade, Dhiraj Bajaj highlights the biggest risks and opportunities in India and explains how Asian and emerging markets debt are decoupling.

While Indian stocks have rallied strongly this year and he rupee has been on an uptick, local bonds have been under pressure amid concerns over rising inflation and increased public spending. In the dollar bond market, November's failure by mobile operator Reliance Communications to pay the coupon on its 2020 bonds raised the alarm among overseas investors.

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