Foreigners buy $1 billion of Indian bonds on bets of RBI policy easing after GDP data
New Delhi, December 05, 2024.
Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank.
These investors net bought bonds worth over 90 billion rupees ($1.06 billion) under the Fully Accessible Route till Wednesday, a majority of which are part of JPMorgan’s debt index, data from Clearing Corporation of India showed.
Foreign investors heavily sold bonds for most of November, as US yields remained elevated after Donald Trump’s victory in the presidential election raised doubts about the Federal Reserve’s easing cycle.
