Indian non-banking financial companies (NBFC) have raised around INR 100bn ($1.21bn) in the past five days from bond issues, double that of the preceding work week. More issues are expected as interest rates in the debt market continue to be low, leading to demand picking up as lending rates drop. Meanwhile, the Reserve Bank of India’s recent move to withdraw INR 2,000 notes is expected to boost liquidity and lead to shorter tenor yields improving.