Foreign investors buy $10 billion of Indian govt bonds since JPM inclusion announcement
6 months ago

Foreign investors buy $10 billion of Indian govt bonds since JPM inclusion announcement

Hindustan Times  

Foreign investors have bought more than $10 billion of Indian government bonds that will be included in J.P. Morgan's debt index on June 28, taking international ownership of India's bonds to a record high, Reuters reported. Representational Overseas buyers now own 1.79 lakh crore rupees of Indian bonds included in the so-called fully accessible route which allows unrestricted foreign purchases, according to the report. Foreign ownership of Indian bonds rose to an all-time high of 4.45% of total, compared to 2.77% before the inclusion announcement, the report read. Western Asset Management, which manages around $250 million of debt under its Asian opportunities Fund, is overweight on longer duration Indian government bonds, Wontae Kim, a research analyst said last month.

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History of this topic

Foreign investors buy $1 billion of Indian bonds on bets of policy easing after GDP data
2 weeks, 4 days ago

Foreign investors buy $1 billion of Indian bonds on bets of policy easing after GDP data

Live Mint  

Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank. Foreign investors heavily sold bonds for most of November, as U.S. yields remained elevated after Donald Trump's victory in the presidential election raised doubts about the Federal Reserve's …

Indian bond yields inch higher on profit taking; debt sale eyed
3 weeks ago

Indian bond yields inch higher on profit taking; debt sale eyed

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 3 - Indian government bond yields moved marginally higher in early trading on Tuesday, as traders cashed in profits from a two-session price rally after weaker-than-expected economic growth data, while a fresh debt supply was in focus. The yield declined by 10 basis points since data on Friday showed India's economic growth slowed much more …

India bond yields inch up ahead of debt sale on Friday
1 month ago

India bond yields inch up ahead of debt sale on Friday

Live Mint  

By Dharamraj Dhutia MUMBAI, Nov 21 - Indian government bond yields trended marginally higher in early deals on Thursday as U.S. yields stayed elevated, while market participants awaited fresh supply through a weekly debt auction on Friday. New Delhi will sell benchmark bond worth 220 billion rupees, which will help increase liquidity and trading in this paper, as well as …

India bond yields marginally down on value buys, fresh cues awaited
1 month ago

India bond yields marginally down on value buys, fresh cues awaited

Live Mint  

By Dharamraj Dhutia MUMBAI, Nov 18 - Indian government bond yields trended slightly lower in early deals at the start of another holiday-truncated week amid value purchase from investors after yields rose last week. Meanwhile, U.S. Treasury yields edged higher on Friday and remained elevated during Asian hours as strong U.S. retail sales data and import prices lowered bets of …

India rupee to lean on central bank help; bonds to track US peers
1 month ago

India rupee to lean on central bank help; bonds to track US peers

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Nov 18 - The Indian rupee will rely on the central bank's help to counter headwinds this week, as the possibility of slower Federal Reserve interest rate cuts and expectations surrounding Donald Trump's policies boost the dollar and U.S. bond yields. A sharp rise in the dollar and elevated U.S. bond yields since …

Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov
1 month, 1 week ago

Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov

Live Mint  

By Dharamraj Dhutia MUMBAI - Foreigners have sold 82.1 billion rupees of Indian government bonds, which are part of the JPMorgan index, so far in November, according to clearing house data on Thursday. "Foreign inflows will likely wait for U.S. yields and dollar index to stabilise before reverting to its pre-October pace," said Nitin Agarwal, head of trading at ANZ …

India’s ‘sweet spot’ lures bond funds amid global market turmoil
4 months ago

India’s ‘sweet spot’ lures bond funds amid global market turmoil

Hindustan Times  

Global funds have poured money into India’s debt market for 14 weeks in a second streak of buying this year, evidence of the country’s appeal amid the ructions of worldwide financial markets. “India is in a sweet spot from a macro perspective and also from a monetary policy perspective,” said Jenny Zeng, chief investment officer for Asia Pacific fixed income …

Foreign holdings of Chinese bonds see net increase of $20b in July
4 months, 1 week ago

Foreign holdings of Chinese bonds see net increase of $20b in July

China Daily  

BEIJING - The net increase in foreign holdings of domestic bonds stood at $20 billion in July, soaring 1.4 times from the previous month, data from China's State Administration of Foreign Exchange showed Thursday. Foreign investors were still highly motivated to allocate RMB assets as cross-border capital flow improved in July, it said. China's foreign trade also continued to grow …

Japanese investors sell foreign bonds in July amid fall in U.S. yields
4 months, 1 week ago

Japanese investors sell foreign bonds in July amid fall in U.S. yields

The Hindu  

Japanese investors net sold foreign bonds for the second consecutive month in July, deterred by declining bond yields in the United States amid heightening expectations of an imminent rate cut by the U.S. Federal Reserve to support the faltering American economy. Net sellers According to data from Japan’s Ministry of Finance, Japanese investors offloaded 1.49 trillion yen in long-term overseas …

Foreign investors pumped ₹33,600 crore in Indian equity in July amid continued policy reforms and good earnings season
4 months, 3 weeks ago

Foreign investors pumped ₹33,600 crore in Indian equity in July amid continued policy reforms and good earnings season

Hindustan Times  

Foreign investors injected over ₹33,600 crore into Indian equities so far this month on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season. Foreign investors injected over ₹ 33,600 crore into Indian equities so far this month However, they pulled out over ₹7,200 crore from equities in the last three trading sessions after the government …

Foreign portfolio investors invest ₹26,565 crore in Indian equities in June
5 months, 3 weeks ago

Foreign portfolio investors invest ₹26,565 crore in Indian equities in June

The Hindu  

After two months of net outflow, foreign investors turned buyers in June, infusing ₹26,565 crore in Indian equities, driven by political stability and a sharp rebound in markets. According to the data with the depositories, Foreign Portfolio Investors have made a net infusion of ₹26,565 crore in equities this month. Geojit Financial Services Chief Investment Strategist V. K. Vijayakumar said …

India eases paperwork for foreign bond investors amid inclusion in JPMorgan’s emerging market bond index
5 months, 3 weeks ago

India eases paperwork for foreign bond investors amid inclusion in JPMorgan’s emerging market bond index

Live Mint  

India is taking steps to reduce the paperwork required for foreign investors to purchase its sovereign bonds, according to a Bloomberg report citing an unnamed source. This move follows a Bloomberg report highlighting foreign investors' challenges due to the extensive paperwork involved. This initiative coincides with India’s inclusion in JPMorgan’s emerging market bond index on Friday. Simplification process explained The …

Bonds, Indian bonds: Are they outshining those in other emerging markets?
5 months, 3 weeks ago

Bonds, Indian bonds: Are they outshining those in other emerging markets?

Firstpost  

Compared to most of these countries, India’s bond market is an outperformer, whether it be in terms of size, stability, potential for investment, or yields. File image India’s inclusion in the JP Morgan Government Bond Index-Emerging Markets, effective Friday is being hailed as a major milestone. Bond market size With indexed bonds amounting to over $400 billion in outstanding value, …

How Indian bonds inclusion in JP Morgan index will affect rupee value, economy, businesses, and investors
5 months, 3 weeks ago

How Indian bonds inclusion in JP Morgan index will affect rupee value, economy, businesses, and investors

Firstpost  

India’s inclusion in the JP Morgan emerging markets bond index is likely to strengthen the rupee by attracting significant foreign inflows. The inclusion in JP Morgan’s index creates a pathway for foreign investors to participate more actively in the Indian bond market. Impact on the rupee When foreign investors buy Indian bonds, they must convert their currency, such as US …

Indian government bonds included in JPMorgan emerging market index: What happens next?
5 months, 3 weeks ago

Indian government bonds included in JPMorgan emerging market index: What happens next?

Hindustan Times  

India is projected to receive billions of dollars in inflows after its inclusion in the JPMorgan Chase & Co emerging markets index on Friday, which will open up the country’s $1.3 trillion bond market to a broad range of foreign investors. While investors worldwide have already invested close to $11 billion in Indian bonds that are eligible to be included …

Foreign investors find it hard to invest in Indian government bonds due to heavy paperwork: Report
5 months, 3 weeks ago

Foreign investors find it hard to invest in Indian government bonds due to heavy paperwork: Report

Hindustan Times  

Despite India’s $1.3 trillion sovereign bond market becoming very attractive for foreign investors, they face a lot of challenges ranging from lengthy documentation to the intricacies of settling a trade and the complexities of paying taxes on any profits, Bloomberg reported. This became obvious as foreign investors are eagerly buying bonds before they’re added to JPMorgan Chase & Co.’s main …

FPIs back to buying Indian equities? Data from last week indicates so
6 months ago

FPIs back to buying Indian equities? Data from last week indicates so

Live Mint  

Foreign investors have paused their relentless selling over the election outcome, turning net buyers of shares worth ₹11,730 crore last week, according to NSDL data. Additionally, global factors such as the outperformance of Chinese markets, a hawkish stance from central banks worldwide, and other global economic cues weighed on foreign investors' sentiments towards Indian equities. Prime Minister Narendra Modi's third …

JPMorgan Ignites $40 Billion Rush Into Indian Bonds
6 months ago

JPMorgan Ignites $40 Billion Rush Into Indian Bonds

Bloomberg  

For decades, the titans of global finance viewed India as just another emerging market—a place with the potential for substantial gains, but risky enough to be kept at the periphery of a portfolio. “There is a very strong case for India over the medium to longer term to have more of a place in people’s portfolios,” says Jae Lee, a …

India's forex reserves hit record high of $651.5 billion as of May 31
6 months, 2 weeks ago

India's forex reserves hit record high of $651.5 billion as of May 31

Hindustan Times  

India's foreign exchange reserves hit a record high of $651.5 billion as of May 31, the governor of the central bank said on Friday. India’s Forex reserves comprise of foreign currency assets, gold, special drawing rights and the RBI’s position with the International Monetary Fund. “Overall, we remain confident of meeting our external financing requirements comfortably.” RBI keeps repo rate …

Inclusion in Global Indices to Bring USD 40 bn Foreign and Equivalent Domestic Capital
9 months ago

Inclusion in Global Indices to Bring USD 40 bn Foreign and Equivalent Domestic Capital

Deccan Chronicle  

HYDERABAD: India’s inclusion in the JP Morgan Global EM Bond Index and Bloomberg EM Local Currency Government indices will see annual foreign investment of $30-$40 billion over the next five years and free up equivalent amount of domestic capital investment by the private sector, finds the World Bank. By 2023-end JP Morgan announced India’s inclusion in its Global EM Bond …

FPIs continue buying streak in March, pump ₹40,710 crore in Indian equities; Will the inflows continue?
9 months, 1 week ago

FPIs continue buying streak in March, pump ₹40,710 crore in Indian equities; Will the inflows continue?

Live Mint  

Foreign portfolio investors continued their buying streak in March, turning steady buyers in Indian markets. FPIs have bought ₹40, 710 crore worth of Indian equities and the total inflow stands at ₹50,471 crore as of March 15, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd data. FPI activity in Indian markets FPIs outflow initially …

India’s Markets Are Turning Into an Inexorable Force
11 months, 1 week ago

India’s Markets Are Turning Into an Inexorable Force

Bloomberg  

Anyone wondering whether the India juggernaut is sustainable will find the answer in bonds, which have a penchant for discerning the way of the world and telling every other market what to do. At least $1 trillion of government securities traded multiple times annually in the most populous nation and biggest democracy are poised to become the darling of international …

Why Entry Into JPMorgan Bond Indices is a Major Win for India - News18
1 year, 2 months ago

Why Entry Into JPMorgan Bond Indices is a Major Win for India - News18

News 18  

A quiet transformation that has gone less noticed in India is that of its debt market which is in for a big overhaul. Getting benchmarked on these two indices would lead to about $30 billion in inflows into Indian debt paper that’s largely confined to government banks and financial institutions. As per reports, large investors in government debt internationally expected …

JPMorgan to include India in its emerging market debt index
1 year, 3 months ago

JPMorgan to include India in its emerging market debt index

Live Mint  

JPMorgan said it will include Indian government bonds in its widely tracked emerging market debt index. India's local bonds will be included in the Government Bond Index-Emerging Markets index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan. “India's weight is expected to reach the maximum weight threshold of 10% in the GBI-EM Global …

Foreign Portfolio Investors Infuse Rs 45,365 Crore In Indian Markets In July
1 year, 4 months ago

Foreign Portfolio Investors Infuse Rs 45,365 Crore In Indian Markets In July

ABP News  

Foreign portfolio investors continue with their buying spree in July with a net infusion of Rs 45,365 crore in Indian equity markets on stable macroeconomic fundamentals and steady earnings growth. "The potential impact of rate hikes on global liquidity would have led foreign investors to re-evaluate their investment decisions," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. According …

Foreign Portfolio Investment in Indian equities drop 11% to $542 bn in January-March quarter
1 year, 7 months ago

Foreign Portfolio Investment in Indian equities drop 11% to $542 bn in January-March quarter

The Hindu  

The value of Foreign Portfolio Investment in Indian equities was at $542 billion in the March quarter of 2023, a decline of 11% from the preceding year, largely due to the exodus of foreign money from the domestic market, according to a Morningstar report. On a quarter-on-quarter basis, the value of FPI in Indian equities fell by 7% from $584 …

FPIs continue positive momentum, invest Rs 10,555 crore in equities in December
2 years ago

FPIs continue positive momentum, invest Rs 10,555 crore in equities in December

Firstpost  

According to data with the depositories, Foreign Portfolio Investors invested a net sum of Rs 10,555 crore in equities during 1 December to 16 December New Delhi: After investing over Rs 36,200 crore last month, foreign investors continued their positive momentum and have injected a net Rs 10,555 crore in Indian equities so far in December amid stabilisation in oil …

Foreign investors sell $500 million of India govt bonds in two days
2 years, 1 month ago

Foreign investors sell $500 million of India govt bonds in two days

Live Mint  

Foreign investors have sold Indian government debt worth nearly $500 million in the past two sessions, with the so-called FAR bonds bearing the brunt of a selloff that traders note is ahead of the Federal Reserve's policy decision and crucial U.S. data. These investors have net sold bonds worth ₹4,110 crore over Friday and Monday, CCIL data showed, with more …

After nine consecutive months, foreign portfolio investors return to Indian equities with Rs 5,000-cr investment in July
2 years, 4 months ago

After nine consecutive months, foreign portfolio investors return to Indian equities with Rs 5,000-cr investment in July

Firstpost  

This was the highest net outflow since March 2020, when foreign portfolio investors had pulled out Rs 61,973 crore from equities, data with depositories showed New Delhi: After nine consecutive months of relentless selling, foreign investors have turned net buyers and invested nearly Rs 5,000 crore in Indian equities in July on softening dollar index and good corporate earnings. This …

India Inc is losing appetite for offshore debt
2 years, 5 months ago

India Inc is losing appetite for offshore debt

Live Mint  

The pandemic-era overseas borrowing boom by Indian companies has started to slow as interest rates rise, the currency weakens, and the appetite for emerging market bonds diminishes. Measures announced by the Reserve Bank of India easing overseas borrowings by companies, including doubling the annual limit under the automatic route to $1.5 billion and raising the all-in cost cap for foreign …

RBI eases overseas borrowing to spur forex inflows
2 years, 5 months ago

RBI eases overseas borrowing to spur forex inflows

The Hindu  

The Reserve Bank of India on Wednesday announced a slew of temporary measures aimed at boosting foreign exchange inflows, including a doubling in the overseas borrowing limit for eligible corporates and removal of interest rate ceilings for NRIs’ foreign currency deposits. “It has been decided that with effect from the reporting fortnight beginning July 30, incremental FCNR and NRE deposits …

FPIs’ exodus continues; pull out ₹46,000 cr from Indian equities in June
2 years, 5 months ago

FPIs’ exodus continues; pull out ₹46,000 cr from Indian equities in June

Live Mint  

Foreign investors continue to desert Indian equity markets and pulled out close to ₹46,000 crore so far this month following monetary policy tightening by the Reserve Bank and US Federal Reserve, high oil prices and volatile rupee. Given the policy normalisation narrative by the US Fed and other major central banks, coupled with high oil prices and volatile Rupee, FPIs …

Top banker tells rich Indians to load up on foreign stocks
3 years, 3 months ago

Top banker tells rich Indians to load up on foreign stocks

Live Mint  

The top private banker to India’s wealthiest is advising its clients to load up on overseas equities as a softening of rules makes it easier to access higher returns available in other parts of the world. “The returns offered by some overseas markets are higher than what investors can get from Indian equities,” said Srikanth Subramanian, chief executive officer for …

India is likely to be included in global bond index by October: Report
3 years, 9 months ago

India is likely to be included in global bond index by October: Report

Live Mint  

India is confident of getting included in a global bond index by October but it will not be able to raise funds in the coming financial year as the actual listing could take around 12 months after its inclusion, said two senior sources aware of the discussions. Since 2019, India has been working toward getting included in global bond indexes …

Bond investors see RBI curbing yields amid India’s supply deluge
3 years, 10 months ago

Bond investors see RBI curbing yields amid India’s supply deluge

Live Mint  

India is set to sell another Rs260 billion of bonds on Friday amid rising expectations that the central bank will step into the market to keep yields from rising too far. Surprise demand at a special auction of government debt on Thursday spurred talk that state-run banks and primary dealers were scooping up bonds to sell to the Reserve Bank …

India’s bond rally unlikely to lure global funds: PineBridge
4 years, 3 months ago

India’s bond rally unlikely to lure global funds: PineBridge

Live Mint  

The gains in Indian bonds sparked by the central bank’s measures to ease the market’s debt-supply burden will peter out soon and foreigners are unlikely to buy unless government finances improve, according to PineBridge Investments. “The gap in the government’s budget needs to be filled for foreign investors to return over the long-term,” said Anders Faergemann, a London-based senior money …

Indian bonds may come under pressure as RBI near end of easing cycle: PineBridge
4 years, 5 months ago

Indian bonds may come under pressure as RBI near end of easing cycle: PineBridge

Live Mint  

Indian bonds may start losing their appeal as the Reserve Bank of India nears the end of its easing cycle, according to PineBridge Investments Asia Ltd. “It is currently not an opportune time to invest in Indian bonds as yields will be back up from the current levels,” said Arthur Lau, head of Asia ex-Japan fixed income at PineBridge. The …

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