Economic TimesLean R·
Foreign inflows, lower oil prices help Indian bond traders look past US Treasury selloff
Indian government bonds saw gains early Thursday, defying a rise in U.S. Treasury yields. This positive movement was fueled by falling oil prices and increasing foreign investor interest, especially with the anticipation of inclusion in a Bloomberg bond index. Foreign investors have significantly boosted their bond purchases since June, driven by favorable tax policies and a stable rupee. Analysts predict substantial future foreign inflows into Indian government debt.
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