Global funds have plowed a net $4.1 billion into the nation’s debt since Jan. 1, with government securities luring the bulk of the flows ahead of their addition to JPMorgan Chase & Co.’s emerging market index from June. In contrast, they’ve pulled $3.9 billion from local shares during the same period.
HDFC Bank has more re-rating potential than ICICI Bank: Santanu Chakrabarti, BNP Paribas
Headline inflation in India also remains fairly benign with persistent inflation pockets like vegetable prices unlikely to be materially influenced by monetary policy. All in