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FPI net investment in debt market in October third highest in CY23

Market participants said that India's bond inclusion in J P Morgan index further aided inflows in the domestic debt market

FPIs
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Illustration by Binay Sinha

Anjali Kumari Mumbai
Foreign portfolio investors’ (FPIs’) net investment in the domestic debt market in October was the third highest during the current calendar year as foreign investors rushed to lock in higher returns amid global uncertainty and geo-political tensions, market participants said.

FPI inflows in debt stood at Rs 6, 322 crore in October against Rs 768 crore in September, according to data on the National Securities Depository Limited (NSDL).

Market participants said that the majority of the inflows were channelled through corporate bonds.

The government bond did not witness a significant inflow as the yield spread between US treasury

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