World's biggest money manager keen to add to its holdings of Indian bonds

Rupee debt sold off in the past two months, the longest run of losses in a year, after the government's surprise $20 billion tax cut sparked fears of missing deficit targets

BlackRock Inc., the world’s largest money manager, plans to add to its holdings of Indian bonds, lured by one of the highest yields among emerging Asian nations and the promise of more monetary easing.

“We are looking at some stabilization and would potentially look for adding exposure” after the risks from the likely increase in federal borrowings settle, Neeraj Seth, head of Asian credit at the firm, said in a phone interview.

Rupee debt sold off in the past two months, the longest run of losses in a year, after the government’s surprise $20 billion tax cut sparked fears of missing deficit