FPIs sell India bonds last week after strong buying in last 2 weeks
Foreign investors turned into sellers of Indian government bonds last week, after two weeks of purchases
The investors net sold bonds under Fully Accessible Route (FAR) worth over 36 billion rupees ($424.40 million) last week, CCIL data shows
They had net bought bonds under FAR worth over 142 billion rupees in the previous two weeks
Majority of bonds under FAR are part of JPMorgan's emerging market debt index
"U.S. inflation was the major trigger for some sell-off, as that has led to concerns about rate cuts in 2025," trader with a foreign bank says
Barclays anticipates that the Fed will not cut rates by more than 50 basis points in 2025
Shorter end of Indian government bonds like 2027 and 2028 maturities saw major selling pressure, data shows
($1 = 84.8250 Indian rupees)
Reporting by Dharamraj Dhutia
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
