Hopes rise over Indian bond investment cap

Fund managers have expressed hope that India’s new administration will raise foreign investor limits on government bonds in today’s budget, which they argue have choked demand. All eyes will today be on new finance minister Arun Jaitley, as he presents his maiden national budget for the fiscal year ending next March. While prime minister Narendra Modi’s stated priorities including reviving stalled investment projects, spurring growth, containing fiscal deficits and tackling infl…