New Delhi: The Monetary Policy Committee of the Reserve Bank of India started a three-day meeting on Wednesday, which will end on December 6. In this meeting, it is expected that RBI may announce a cut in CRR. Last week the central bank shared the data on economic growth, in which it was said that the country's economy is growing at a slower pace than expected. Due tothish the hope of giving relief in monetary policy increased. At the same time, after the release of data on the economy by the RBI, foreign investors have increased their buying of government bonds.

Sales worth $100 billion were made in November

According to data from the Clearing Corporation of India, foreign investors have bought bonds worth more than Rs 90 billion (1.06 billion dollars) under the fully accessible route till Wednesday, most of which are part of JP Morgan's debt index. Earlier in November, after Donald Trump's landslide victory in the US, foreign investors had sold a large amount of government bonds after doubts were raised about the easing cycle by the Federal Reserve. This sale had crossed $ 100 billion.

ANZ India had said this

Nitin Agarwal, trading head at ANZ India, said, "Foreign investors will likely wait for US yields and the dollar index to stabilize before returning to pre-October momentum." He further added that "with many index inclusions, more investment is still expected; however, investors may choose to invest slightly less in India." However, in the last four trading sessions, foreign investors have increased investment in government bonds.

October 2024 purchase of Rs 1.18 trillion

Let us tell you that from January to October this year, foreign investors bought bonds worth Rs 1.18 trillion, which was the effect of India's inclusion in the JP Morgan index on June 28. Bloomberg Index Services and FTSE Russell will add Indian debt to their emerging market bond index in January and September 2025 respectively.