FPIs invested nearly Rs 20,000 crore in debt in January, the highest level in 6 years
New Delhi: Foreign portfolio investors have invested more than Rs 19,800 crore in the country debt market In January, it is the highest monthly branch Over six years, behind the inclusion of Indian government bonds In JP Morgan Index,
FPI Indian thrown out equities Due to the surge, its value last month was Rs 25,743 crore. bond yield In America. According to depository data, FPIs made a net investment of Rs 19,836 crore in the debt markets in January. This was the highest investment since June 2017, when they had invested Rs 25,685 crore. Earlier, FPIs had injected Rs 18,302 crore into the debt market in December, Rs 14,860 crore in November and Rs 6,381 crore in October.
“Indian fixed income market “January saw strong net inflows of $2.4 billion from FPIs due to the inclusion of Indian government bonds in the JP Morgan index,” said Himanshu Srivastava, Morningstar Investment Research India.
JPMorgan Chase had announced in September last year that it would add Indian government bonds to its benchmark emerging markets index from June 2024.
This historic inclusion is expected to benefit India by attracting $20-40 billion over the next 18 to 24 months. He said the inflows are expected to make Indian bonds more accessible to foreign investors and potentially strengthen the rupee, thereby boosting the economy.
FPI Indian thrown out equities Due to the surge, its value last month was Rs 25,743 crore. bond yield In America. According to depository data, FPIs made a net investment of Rs 19,836 crore in the debt markets in January. This was the highest investment since June 2017, when they had invested Rs 25,685 crore. Earlier, FPIs had injected Rs 18,302 crore into the debt market in December, Rs 14,860 crore in November and Rs 6,381 crore in October.
“Indian fixed income market “January saw strong net inflows of $2.4 billion from FPIs due to the inclusion of Indian government bonds in the JP Morgan index,” said Himanshu Srivastava, Morningstar Investment Research India.
JPMorgan Chase had announced in September last year that it would add Indian government bonds to its benchmark emerging markets index from June 2024.
This historic inclusion is expected to benefit India by attracting $20-40 billion over the next 18 to 24 months. He said the inflows are expected to make Indian bonds more accessible to foreign investors and potentially strengthen the rupee, thereby boosting the economy.
