Overseas institutional traders dump debt, bulk up on fairness, exhibits information

World traders’ technique on Indian shares and bonds is diverging. They purchased $5.5 billion value of Indian shares this yr, among the many highest in rising Asian economies, whereas promoting $1.8 billion value rupee-denominated bonds.

Double-digit progress forecasts are luring foreigners to Indian shares, mentioned Harihar Krishnamoorthy, treasurer at FirstRand Financial institution in Mumbai.

Bonds usually are not that engaging given the destructive returns and an enormous borrowing program, he mentioned.

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