State Bank’s Hedges Cap Indian Borrowing Costs as Economy Slows

(Bloomberg) -- India’s youngest infrastructure lender has increased hedging in the interest-rate derivatives market to such an extent that it’s helping keep a lid on funding costs in the country, an unintended benefit to a slowing economy.Most Read from BloombergTrump Promises Could Have Seismic Impact on Washington EconomyParis to Replace Parking Spaces With TreesTokyo’s Scorching Summers Focus Public Anger Against Tree CuttingNYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid ProbesN