FPIs get licence to thrill, lap up $8.7 billion govt bonds in 5 months
Foreign portfolio investors (FPIs) have purchased ₹71,817 crore - or around $8.7 billion - worth of Indian government bonds since September 22, the day JP Morgan announced the index inclusion, latest data by Clearing Corporation of India Limited (CCIL) showed. To be sure, for the whole of 2023, overall FPI investment in Indian debt - including corporate bonds - was $8.3 billion.
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