Foreigners Back India Bonds Over Pricey Stocks in Tactical Bet
Fri, Feb 16, 2024 5:45 PM

Foreigners Back India Bonds Over Pricey Stocks in Tactical Bet

A Flip by Shubhangi Gupta
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Overseas investors are pouring more money into India’s sovereign bonds than stocks, drawn by their relatively lower valuations and upcoming inclusion into global debt indexes. Global funds have plowed a net $4.1 billion into the nation’s debt since Jan. 1, with government securities luring the bulk of the flows ahead of their addition to JPMorgan Chase & Co.’s emerging market index from June.

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