FPI investments in FAR G-Secs rise nearly ₹8,000 crore as rupee gains, bond yields ease
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Foreign portfolio investors increased their FAR government bond holdings by nearly ₹8,000 crore in the first week of November.
- ✓This shift happened as the rupee got stronger and bond yields eased.
- ✓These factors helped improve returns for overseas investors, who had sold many Indian government bonds over the previous three months.
Story at a Glance
- Category
- Indian Markets
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Foreign portfolio investors increased their FAR government bond holdings by nearly ₹8,000 crore in the first week of November, supported by a stronger rupee and easing bond yields.
Foreign portfolio investors (FPIs) increased their investments in government securities under the Fully Accessible Route (FAR) by nearly ₹8,000 crore in the first week of November, amid a strengthening rupee and easing bond yields.
FPI holdings in FAR government securities rose to ₹3.65 lakh crore on November 9 from ₹3.57 lakh crore on November 2, an increase of around ₹7,969 crore, according to data compiled by PTI from the Clearing Corporation of India (CCIL).
During the same period, the Indian rupee appreciated from 94.90 on November 2 to 93.74 against the US dollar on Monday. Meanwhile, the yield on the 10-year benchmark government security eased to 7.178% from 7.315% over the same period.
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