Foreign banks bought 600 billion rupees in Indian bonds, focusing on shorter maturities due to improved liquidity and limited treasury bills supply. Bank of America’s Vikas Jain noted influences like JP Morgan’s index inclusion. Key factors include 6.95% yields, fiscal deficit, lower overnight rates, and the Reserve Bank of India possibly reducing the repurchase rate to 5.5% by March 2026.
| Subscribe To Our Free Newsletter |
