Foreign ownership of Indian government bonds is set to nearly double to 4.4% of outstanding debt over the next year, according to JPMorgan. This increase is driven by foreign investors purchasing more than $10 billion of Indian government bonds since the announcement of their inclusion in a widely-followed JPMorgan debt index on June 28. Additionally, foreign inflows into Indian bonds are expected to hit a decade-high of $2 billion around June 28. The Reserve Bank of India is anticipated to absorb most of the incoming dollars to prevent a sudden rise in the rupee. JPMorgan's actions have sparked significant interest, potentially leading to a $40 billion rush into Indian bonds.
Foreign inflows into Indian #bonds will hit a decade-high of $2 billion around June 28, when they will be included in a widely-tracked #JPMorgan index, although the central bank will lap up most of the dollars to avoid a knee-jerk rise in the #rupee https://t.co/kt30djRQ49
$INDA: $JPM Ignites $40 Billion Rush Into Indian Bonds https://t.co/O9Am3MKdNS
🔵 FOREIGNERS BUY $10 BILLION OF INDEX-BOUND INDIAN BONDS SINCE JPM INCLUSION ANNOUNCEMENT Foreign investors have bought more than $10 billion of Indian government bonds that will be included in a widely-followed JPMorgan debt index on June 28, taking their ownership of such… https://t.co/6tfGa0k09y
Foreign inflows into Indian bonds will hit a decade-high of $2 billion around June 28, when they will be included in a widely-tracked JPMorgan index
Foreign ownership of Indian government bonds will almost double to 4.4% of outstanding debt over next year, says #JPMorgan.