India Lures Back Bond, Currency Investors

Global investors are jumping back into India’s bond and currency markets, spurred by a shrinking trade deficit and the central bank’s efforts to bolster Asia’s third-biggest economy… Ian Gunner, a portfolio manager of a hard-currency fund at Altana Wealth, with $75 million under management in London, said he has been impressed by the way the rupee has held up even as the Fed has moved to scale back its bond-buying program. Over the past few weeks, Mr. Gunner has taken on a small, short-term position that will benefit from the rupee strengthening against the dollar.

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