Foreign banks sold a record amount of Indian treasury bonds on Thursday, and the ongoing border conflict between India and Pakistan affected investor sentiment. Foreign banks sold India's treasury bonds at a net rate of 106.3 billion rupees. According to data from the Indian Clearing Corporation since 2006, this figure has reached a new high. Although the Bank of India is expected to cut interest rates to provide investors with some buffer, the foregoing shows growing concerns about the possible impact of the escalation of hostilities with Pakistan on the market. In the context of global trade uncertainty, this has also weakened India's appeal as a relatively safe investment destination.

Foreign banks sold a record amount of Indian treasury bonds on Thursday, and the ongoing border conflict between India and Pakistan affected investor sentiment. Foreign banks sold India's treasury bonds at a net rate of 106.3 billion rupees. According to data from the Indian Clearing Corporation since 2006, this figure has reached a new high. Although the Bank of India is expected to cut interest rates to provide investors with some buffer, the foregoing shows growing concerns about the possible impact of the escalation of hostilities with Pakistan on the market. In the context of global trade uncertainty, this has also weakened India's appeal as a relatively safe investment destination.