markets. the looming french election, we will tell you for that is doing to investors. and taking to a road near you? when will driverless cars become a reality and can we trust the technology? i get the inside track from the intel boss heading up the tech giant s new driverless car division. and as aaron said, that united airlines video is going viral around the world, will be an airline ever redeem itself and what do you think the passengers should get? tell us your thoughts. let us know, use the hashtag bbcbizlive. that poor bloke, he should be getting first class for the rest of his life, that s what i say! we start with the troubles at toshiba. the company is expected to publish its results for the last quarter of 2016 today, after postponing them twice. and they are expected to be disastrous. the numbers have already been spilled twice. been postponed. we hope to no mere after a press conference scheduled to start shortly. recently toshiba announced that its losses
Foreign portfolio investors, having splurged on government bonds ahead of India s inclusion in global indices, offloaded ₹3,966 crore (around $450 million to $475 million) worth of sovereign debt in a single day when the rupee weakened past successive technical levels amid a retreating Chinese yuan and lack of significant market interventions by the Reserve Bank of India.
Foreign portfolio investors (FPIs) have purchased ₹71,817 crore - or around $8.7 billion - worth of Indian government bonds since September 22, the day JP Morgan announced the index inclusion, latest data by Clearing Corporation of India Limited (CCIL) showed. To be sure, for the whole of 2023, overall FPI investment in Indian debt - including corporate bonds - was $8.3 billion.
The percentage of foreign holdings in government debt is between 2% and 17% and is unlikely to go up to levels which can cause disruptions. Rather the persistent and long-term nature of these flows will help ease bond yields and support government borrowing, Ashima Goyal said.
The cohort are betting on inclusion in global bond indexes to drive returns after the central bank doused speculation of an interest-rate cut. In 2023, Indian sovereign bonds saw their best annual performance in three years.