BusinessPhoto: Hindu BusinessIndian Debt Funds to Continue $4.5 Billion Bond Selloff After RBI Rate Hike
Indian mutual funds have sold $4.5 billion in government bonds since July and are expected to continue selling after the Reserve Bank of India raised interest rates for the first time in nearly four years. The RBI signaled further rate hikes amid rising inflation, prompting fund managers to reduce exposure to long-term bonds. Net sales reached ₹51 billion in three sessions post-rate hike, adding to ₹378 billion sold from July to September.
Hindu Business··Mumbai



