FPIs lap up bonds worth 10,000 cr in four sessions
Foreign investors have purchased nearly 10,000 crore of Indian bonds over the past four trading sessions following the government’s decision to fully exempt taxes on
Foreign investors have purchased nearly 10,000 crore of Indian bonds over the past four trading sessions following the government’s decision to fully exempt taxes on gains from eligible debt investments and the central bank decision to expand the investable universe, data published by CCIL showed.
Bond yields have cooled in tandem.This marks a significant reversal from the stance taken by foreign investors that had been pulling out from India’s debt and equity markets in the recent months. Since the start of the US-Israel war on Iran, FPIs have net sold over 10,119 crore of debt.
131622677On an average, the daily selling ranged around 1,000 crores, with only sporadic bouts of buying. Measures announced by the government and Reserve Bank of
India (RBI) have helped reverse the sentiments encouraging foreign investors to bet on India’s debt market.
The BriefWire