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Market Chatter: HSBC Reportedly Buys at Least $3 Billion of Indian Government Bonds

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HSBC Holdings (HSBA.L) bought at least $3 billion of Indian government bonds in July and August, Bloomberg News reported Tuesday, citing people familiar with the developments.

The British lender reportedly used funds raised through the Reserve Bank of India's foreign currency non-resident, or FCNR(B), dollar-deposit program to finance the purchases.

HSBC did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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