FPI investments in FAR G-Secs rise nearly Rs 8,000 crore as rupee strengthens, bond yields ease
New Delhi, Nov. 9 -- Foreign portfolio investors (FPIs) increased their investments in government securities under the Fully Accessible Route (FAR) by nearly Rs 8,000 crore in the first week of November, as a strengthening rupee, declining bond yields and easing crude oil prices improved sentiment towards Indian debt markets.
FPI holdings in FAR government securities increased to Rs 3.65 lakh crore on November 9 from Rs 3.57 lakh crore on November 2, registering an increase of Rs 7,968.78 crore, according to data compiled from the Clearing Corporation of India (CCIL).
During the same period, the Indian rupee strengthened from 94.90 on November 2 to 93.74 against the US dollar on November 9. Meanwhile, the yield on the 10-year benchmark ...
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