Foreign investors are increasingly being drawn to the traditionally overlooked rupee-denominated corporate debt market in India as they gear up for the inclusion of domestic government securities.
Foreign funds lacking direct access to India’s $1 trillion government debt market are increasing their exposure via instruments such as supranational bonds and swaps ahead of the nation’s upcoming inclusion in global bond indexes.
India Business News: Overseas investors are showing keen interest in India assets and increasing their exposure via instruments such as supranational bonds and swaps. Indian sovereign bonds have gained prominence after JPMorgan Chase & Co’s move to add them to its global debt indexes from June. The inclusion is expected to lure up to $40 billion of inflows.
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Foreign funds lacking direct access to Indias $1 trillion government debt market are increasing exposure via instruments like supranational bonds and swaps ahead of the upcoming inclusion in global bond indexes.