Foreign investors pump Rs. 12,400cr into debt market in November

Megha Jain

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In November, Foreign Portfolio Investors (FPIs) poured a whopping Rs. 12,400 crore into India's debt market, the highest inflow in over two years. This surge is attributed to the appealing yields of Indian debt and the inclusion of Indian government securities in the JP Morgan Government Bond Index Emerging Markets, which has drawn foreign funds to India's bond markets. The total FPI investment in debt this year has reached Rs. 47,900 crore.