India foreign inflows tipped to accelerate

India’s recent move to raise the investment cap on government bonds for what some view as longer-term investors should further drive allocations to these assets, say custody executives. On January 29, the Reserve Bank of India doubled the total investable amount to $10 billion from $5 billion for foreign central banks, multilateral agencies, sovereign wealth funds, insurance firms, pensions and endowments. At the same time, it reduced the cap for foreign institutional investors (F…