# Foreigners buy India debt on eve of index inclusion, indicators signal | News on Markets - Business Standard

> Three foreign exchange indicators suggested that foreign passive funds were buying Indian sovereign debt ahead of India's inclusion in the JPMorgan emerging market bond index on June 28. The rupee rose 0.14% to 83.4525 per dollar that day despite higher US Treasury yields.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/30074-foreigners-buy-india-debt-on-eve-of-index-inclusion-indicators-signal-news-on
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Large passive bond inflows support the rupee and reduce pressure on Indian importers' dollar costs, which keeps import buying stable.

## Read by commodity

- USDINR: neutral

## Sources

- business-standard.com: https://www.business-standard.com/markets/news/foreigners-buy-india-debt-on-eve-of-index-inclusion-indicators-signal-124062700485_1.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.