India Index-Eligible Bonds Draw $5.2 Billion in June as Foreign Demand Lifts Rupee
Updated
Updated · Bloomberg · Jun 30
India Index-Eligible Bonds Draw $5.2 Billion in June as Foreign Demand Lifts Rupee
1 articles · Updated · Bloomberg · Jun 30
Summary
$5.2 billion flowed into India’s index-eligible bonds in June, marking a fresh sign that overseas investors are increasing exposure to the market.
Foreign demand has also supported the rupee, which is on track for a June gain against the dollar after three straight months of declines.
Indian equities are nearing the end of June and the quarter with a chance to finish higher, which would give the Nifty only its second monthly advance of 2026.
The broader market backdrop remains busy, with leadership changes at Kotak Mahindra Bank, Axis Bank, Bandhan Bank and HDFC Bank keeping the banking sector in focus.