By Debdeep Gupta | 15 May, 2024
Global funds are making a bet on India’s longer-maturity bonds
Global funds are snapping up India’s longer-maturity bonds in a bet the central bank will eventually become less hawkish as they position for those securities that will be included in JPMorgan Chase & Co. indexes.The proportion of foreign money allocated to local bonds due in 10 years or more climbed to 17% last week, up from just 11% in September, while that in debt maturing in five years or le...
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