October First Setback in Six Months in Big Year for Indian Bonds
- Selloff may prove temporary as yields look attractive: DBS
- Rising inflation, higher US yields are near-term hurdles
This article is for subscribers only.
Foreign investors are set to net sell Indian bonds this month for the first time since April with a pickup in local inflation and a surge in US yields cooling appetite for rupee debt.
Overseas investors sold 28 billion rupees ($333 million) of the so-called Fully Accessible Route bonds in October, according to Clearing Corporation of India Ltd. data.