FIIs pull out Rs 3,400 cr from debt market in past week

 

lhi: Overseas investors pulled out about Rs 3,400 crore (USD 544 million) from the Indian debt market in the past week amid concerns about the US government shutdown.
Foreign institutional investors (FIIs) were gross buyers of debt securities worth Rs 1,942 crore during October 1-4, while they sold bonds amounting to Rs 5,340 crore, a net outflow of Rs 3,398 crore.
FIIs pulled out a net Rs 5,600 crore of debt securities in September, according to data available with market regulator, the Securities and Exchange Board of India (SEBI).
However, foreign investors pumped in a net Rs 555 crore in the equity market in the first week of October.
  RAvi Kumar

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