FPIs pull out of debt
19-Apr-2024.jpg)
The debt market saw a reversal of fortunes in April after a year of consistent robust monthly inflows from foreign portfolio investors (FPI).FPIs’ investment in government bonds fell by around 5.5 per cent in the past month. They sold Rs 6,530 crore worth of five-year bonds, which is the most liquid bond among fully accessible route (FAR) securities.