A customer counts Indian rupee banknotes at a store. (Photographer: Dhiraj Singh/Bloomberg)
The government’s decision to increase the limit for foreign portfolio investment in corporate bonds may benefit public sector companies and AAA-rated firms, as overseas investors continue to play it safe in the Indian credit markets.The immediate impact of the announcement, however, would be limited as existing limits are yet to be fully utilised.As part of the Union Budget presentation on Saturday, Finance Minister Nirmala Sitharama...