Markets and Finance
Foreign institutional investors dump debt, bulk up on equity, shows data

Global investors’ strategy on Indian stocks and bonds is diverging. They bought $5.5 billion worth of Indian shares this year, among the highest in emerging Asian economies, while selling $1.8 billion worth rupee-denominated bonds. Double-digit growth forecasts are luring foreigners to Indian stocks, said Harihar Krishnamoorthy, treasurer at FirstRand Bank in Mumbai. Bonds are not that attractive given the negative returns and a huge borrowing program, he said.

News Source:- https://www.business-standard.com/article/markets/foreign-institutional-investors-dump-debt-bulk-up-on-equity-shows-data-121030401627_1.html