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Foreign investors pivot to short govt bonds ahead of policy turn
Overseas investors are opting for short-term Indian government bonds as they find attractive entry points amid expectations of the interest rates cycle turning, with the Iran war driving inflation higher. Bonds with maturities of less than five years made up over two-thirds of the top 10 notes foreign investors bought during March-May, higher than less than half of similar purchases in January-February, clearing house data showed. [...]