(Bloomberg) — Just a month ago, global funds couldn’t wait to dump India’s sovereign bonds. Now, they’re rushing back at the fastest pace in more than two years.Foreigners bought 136.7 billion rupees ($1.9 billion) of the debt in the first two weeks of February, set for the highest monthly inflow since June 2017, according to data compiled by Bloomberg. They sold 106.6 billion rupees last month.The sudden switch is a testimony to the unprecedented changes introduced by policy makers. In an attempt to fund record borrowings, Prime Minister Modi Narendra is lifting foreign investment limits on some bonds, while the …read more
Source:: Yahoo Finance
