(Bloomberg) -- Merrill Lynch & Co. and Franklin Resources Inc. are increasing purchases of Indian government debt, predicting the central bank will end 2 1/2-years of interest-rate increases.
DSP Merrill Lynch Fund Managers Ltd., a unit of New York- based Merrill, last week raised 2.8 billion rupees ($68 million) for its first Indian bond fund since 2002. Franklin Templeton India, part of the San Mateo, California-based money manager, doubled holdings of benchmark debt in one of its funds in March.
Read more at Bloomberg Bonds News
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