look news india
Mumbai: Investments by foreign institutional investors (FPIs) in India's debt market have crossed the Rs 1 lakh crore mark so far in 2024. So far Rs 11366 crore has been invested in the current month.
In the year 2023, foreign investors invested Rs 71860.18 crore in debt instruments.
The inclusion of Indian government bonds in JP Morgan's bond index has increased the interest of foreign investors in Indian bonds, an analyst said.
According to data from the Securities and Exchange Board of India (SEBI), in the current month till August 24, FPIs have invested Rs 11,366 crore in the country's debt market.
In July, this number was Rs 22363 crore net while in June it was Rs 14955 crore. However, Rs 10,949 crore was withdrawn in April.
With July inflows, FPI net investment in the Indian debt market in the current year has crossed Rs 1 lakh crore to reach Rs 1.02 trillion.
In October last year, JP Morgan had announced the inclusion of Indian government bonds in its bond index. After this announcement, the attraction of FPIs towards government bonds has increased.
Meanwhile, foreign investors have withdrawn Rs 16,305 crore from Indian equities in the current month. Foreign investors are continuously selling after the increase in capital gains tax in the current year's budget. Apart from this, foreign investors are currently taking advantage of high valuations, the analyst said.
