FPIs turned into net buyers of Indian bonds in August: Report
Updated: 12 Aug 2022, 10:36 AM IST
TL;DR.In August, FPIs turned into net buyers of local debt securities for the first time since January when they invested a net $698 million. Indian benchmark paper yielded 7.27% Thursday, ranking 14th in a pack of 15 countries in the Asia-Pacific region.
Since August 4, a day before the RBI's bi-monthly policy, the benchmark bond yield has surged as much as 19 basis points.