MarketsIndia Bonds Continue To See FII Selling Despite Index Inclusion Next Month
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India Bonds Continue To See FII Selling Despite Index Inclusion Next Month
Despite the inclusion of the domestic gilts in JPMorgan Index in June, FII continue to offload their holding in Indian debt due to election uncertainty, rising US yields and geopolitical tension.
The ongoing selloff by foreign institutions in the Indian debt market persists this month, despite the impending inclusion in the JPMorgan Index. Market analysts attribute this selling pressure to election uncertainty, rising US Treasury yields, and geopolitical tensions.Since the announcement of index inclusion last September, domestic government securities have been heavily bought up, leading foreign investors to become net sellers...