Foreign investors poured $9.4bn into Indian bonds since JPMorgan's announcement, reshaping markets and raising foreign exchange reserves.
Foreign investors have poured $9.4bn into Indian bonds since JPMorgan's landmark announcement in September. The inflow is reshaping markets, with foreign exchange reserves hitting a record high, corporate bonds outperforming peers, and the rupee shrugging off the dollar's strengthening impact. This inclusion in global bond indexes is expected to increase foreign investor participation.
April 01, 2024
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