FPIs’ G-Sec purchases cross $10-billion mark

June 20, 2024

Nine months after JP Morgan announced the inclusion of Indian government debt in its emerging markets index, foreign portfolio investors have increased their ownership of sovereign bonds by over $10 billion. The influx of funds is expected to continue as India’s index weightage grows.

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The BSE benchmark soared 1,359.51 points or 1.63 per cent to settle at an all-time high of 84,544.31 on Friday. During the day, it jumped

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FPIs pump Rs 33,700 cr in equities in Sep amid US rate cut, domestic market resilience

Going ahead, the trend of FPIs buying is likely to continue in the coming days, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

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