The South Asian nation surprised investors by imposing restrictions on sales of new securities with those tenors this week, just a month after it was included in JPMorgan's flagship gauge
The persistent purchases by foreign participants will reduce the pressure on local banks to absorb supply
The decision on exclusions from the FAR category is not based on any consideration of volatility
South Asian nation's star economy and improving business environment, at a time of slowing growth in China, has made Indian assets investor darling
Debt market witnessed Rs 3,370 crore inflows in two trading sessions following the inclusion of Indian bonds in JP Morgan's index
Inflows into bonds under the fully accessible route, which will be included in JPMorgan's widely-tracked emerging market debt index on June 28, have risen to more than $10 billion
Indian bonds will be included in JPMorgan's widely-tracked emerging market debt index on June 28
To accommodate India's 10 per cent weight in the GBI EM index, HSBC said in a recent note, a reweighting will occur for other EM peers in the index, which will see a reduction in their weights.
The company will offer a yield of 8.35 per cent on this issue, and has invited bids from bankers and investors on Monday
Reserve Bank of India (RBI) will release the minutes of its June policy meeting after market hours on Friday
Indian sovereign bonds have seen about $9.5 billion of inflows into the so-called Fully Accessible Route - or FAR securities - since the JPMorgan announcement in September
India consumer inflation likely snapped a four-month downward trend in May due to rapidly rising food costs
US bond yields rose after the economy created far more jobs than expected in May
Market expected strong opening by the ruling alliance, say one bond dealer
On the other hand, if BJP fails to win the elections, Nomura expects outflows from the forex channel to be over $30 billion in a couple of weeks.
Bond yields have eased over the last few sessions, after the Reserve Bank of India's board last week approved the transfer of a record 2.11 trillion rupees as surplus to the government
The bond yields are also likely to fall after the government announced a buyback of securities worth 400 billion rupees on Friday
The freeze was struck after Russia's invasion of the country in February 2022 hit its economy hard
Despite the gains on Friday, both indices finished the week in red for the first time in three weeks. The Sensex fell 1.6 per cent this week, and the Nifty 50 declined 1.7 per cent
Sri Lanka will consult with the IMF to assess if the latest proposals discussed with bondholders were within the parameters of its bailout program