India Inc reduced overseas bond issues on local liquidity, rupee fall

Indian corporates sharply reduced overseas bond issuances in FY26 even as domestic debt markets remained resilient, reflecting a clear pivot toward local funding amid elevated global interest rates and currency volatility. Last fiscal, the rupee lost nearly 10%-the most in 14 years.Data from Cbonds, a financial data provider, showed offshore bond fundraising fell to $8.1 billion in FY26, down from $13.9 billion a year earlier, a nearly 40% decline. In contrast, domestic bond issuances held stead...