The fall in yields has been driven by rising hopes of an index inclusion, which could lead to around $30 billion in passive flows, and the recent drop in oil prices.
Foreign institutional investors reversed course in early April, spurred by rising global trade tensions following US President Trump’s announcement of steep tariffs. This led to
Benchmark indices Sensex and Nifty 50 fell by 2.6% each due to a global sell-off triggered by U.S. tariff actions. IT stocks suffered the most,
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