Foreign investors hold back from buying Indian corporate bonds despite best rally
Foreign institutional investors are holding back from buying Indian corporate bonds despite the best rally in five years as the government notification on the reduction of withholding tax has added to confusion than clearing it.
Indian shares rallied on Friday led by gains in private lenders after ICICI Bank posted strong earnings, with broader sentiment bolstered by higher Asian shares after the ECB signalled resolve to tackle the euro zone's debt crisis.