India’s corporate bond issuance rebounds on rate-cut hopes

Firms in India are returning to bond markets as renewed bets on steep interest rate cuts revive demand. In the July–September quarter, bond issuances dropped 40% QoQ to ₹2.03 trillion, but since then companies have raised ~₹500 billion. Bankers expect issuance in October may exceed ₹1 trillion, with many opting for bonds over traditional bank debt. The rebound suggests improved financing conditions ahead of potential monetary easing.