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Biggest Global Selloff in India Bonds in a Year Flags Rupee Risk.
- Source :
- Bloomberg.com; 3/27/2024, pN.PAG-N.PAG, 1p
- Publication Year :
- 2024
-
Abstract
- Foreign investors are reassessing their investments in Indian assets after the Indian rupee hit a record low. This has led to the biggest selloff in Indian bonds in a year, with global funds selling a net $425.3 million of rupee-denominated bonds. The selloff highlights the need for investors to manage currency risk, as the Reserve Bank of India's efforts to keep the rupee stable may have left investors with unhedged positions. Foreign funds have been attracted to Indian debt ahead of their inclusion in global bond indexes, but the recent decline in the rupee may lead to further volatility. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 176267065