FPI investments in bonds cross $2 billion in March
FPIs net buyers of bonds worth $384.25 million since January, FIIs net sellers of $1.65 billion bonds in January-February
Experts think that the inversion of the US bond yield curve could lead to capital coming into emerging markets like India
Mumbai: Foreign portfolio investors (FPIs) have turned net buyers of Indian bonds so far this year, aided by the central bank’s liberalization of the FPI framework, along with its announcement of a $5-billion foreign exchange swap to boost liquidity. FPIs are net buyers of bonds worth $384.25 million since January. Interestingly, foreign investors have bought bonds to the tune of $2.03 billion in March alone, clocking the biggest monthly buy since October 2017. In the first two months, FIIs were net sellers of $1.65 billion bonds. In 2018, they were net sellers of $6.74 billion bonds.
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