FPIs pull out of debt in October, marking first net sell since April

Quick Summary:

The debt market has witnessed Rs 2,234 crore worth of net inflows since June 28.

Geopolitical tensions, and the potential for war breaking out in the Middle East, have contributed to the market drifting slowly downwards towards 6.80 per cent (yield on the benchmark 10-year bond),” he added.

Foreign portfolio investors' (FPIs') investment in the Indian debt market saw a reversal in trend with the first net outflow since April.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Foreign investors Emerging market FPIs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 19:46:43 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 412 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © Business Standard

News ID: 23041982

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