Since the inclusion of domestic government bonds in the JP Morgan indices on June 28 this year, government securities designated under the fully accessible route (FAR) have received inflows of around ₹60,000 crore so far.
Investment in FAR securities had exceeded ₹1 trillion on October 16 last year.
In September last year, JP Morgan had said it would include government paper issued by the Reserve Bank of India (RBI) under the FAR in its widely tracked global bond index (emerging markets).
In October so far, foreign portfolio investors sold FAR securities worth ₹5,000 crore, the Clearing Corporation of India (CCIL) data showed, due to a rise in crude oil prices and geopolitical tensions, said market participants.
This story is from the October 26, 2024 edition of Business Standard.
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This story is from the October 26, 2024 edition of Business Standard.
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