Foreign portfolio investors (FPI) pulled nearly Rs 5,109.21 crore in the last three days from government securities under the fully accessible route amid dampened sentiments due to global uncertainty.
Under the fully accessible route (FAR), eligible overseas investors are allowed to buy and sell certain government securities without any cap.
According to the Clearing Corporation of India (CCIL), FPI investment in government securities under FAR stood at Rs 366,806.286 crore as on September 15, as compared to Rs 371,915.496 crore as on September 9.
The investment stood at Rs 371,520.751 crore as on September 10 and Rs 366,791.286 crore as on September 11, data showed.
“We saw notable selling by FPIs in G-Secs under the FAR route. Elevated crude prices, hovering around USD 110 amid the worsening US-Iran war situation, coupled with US Treasury yields nearing the 5 per cent mark and persistent pressure on the rupee, have made Indian sovereign debt relatively less attractive to foreign
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