Economic TimesLean R·
Foreigners pull out money from govt. bonds after 2 months of buys
Mumbai: Foreign fund flows into Indian bonds have reversed after an unprecedented spike three months ago, reflecting the combined impact of persistently high global yields, Bloomberg's move to defer inclusion of local debt on a key gauge, and increasingly shortened odds on a rate hike.Since August, foreign portfolio investors (FPI) sold government bonds worth ₹987 crore. That compares with robust net purchases of ₹49,355 crore in June and July through the Fully Accessible Route (FAR) that appli…
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