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Foreign institutional investors dump debt, bulk up on equity, shows data

Double-digit growth forecasts are luring foreigners to Indian stocks, said Harihar Krishnamoorthy, treasurer at FirstRand Bank in Mumbai.

Foreign institutional investors dump debt, bulk up on equity, shows data
Bonds are not that attractive given the negative returns and a huge borrowing program
Bloomberg
1 min read Last Updated : Mar 05 2021 | 2:20 AM IST
Global investors’ strategy on Indian stocks and bonds is diverging. They bought $5.5 billion worth of Indian shares this year, among the highest in emerging Asian economies, while selling $1.8 billion worth rupee-denominated bonds.
 
Double-digit growth forecasts are luring foreigners to Indian stocks, said Harihar Krishnamoorthy, treasurer at FirstRand Bank in Mumbai.
 
Bonds are not that attractive given the negative returns and a huge borrowing program, he said.



Topics :Foreign Institutional Investorsequity market

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