Does the United States Bond Yield Affect Foreign Institutional Investor Inflows to India and Indian Stock Market?

Charumathi Balakrishnan and Habeebu Rahman ()
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Habeebu Rahman: Department of Management Studies, Pondicherry University, India

Asian Economics Letters, 2022, vol. 3, issue 4, 1-7

Abstract: We investigate the extent to which the United States (US) bond yield affects foreign institutional investor (FII) inflows and the performance of the Indian stock market using monthly time-series data from 2002 to 2021. We use the vector autoregressive model and apply the Granger causality test to investigate this relationship. We find no short- and long-run relationships among the US bond yield, FII inflows, and India’s stock market performance.

Keywords: US bond yield; Vector autoregression; Granger causality test; Foreign institutional investor inflows; Stock market performance (search for similar items in EconPapers)
JEL-codes: E58 G15 (search for similar items in EconPapers)
Date: 2022
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