FPI investments in FAR G-Secs rise nearly ₹8,000 cr as rupee gains, bond yields ease
During the same period, the Indian rupee appreciated from 94.90 on November 2 to 93.74 against the US dollar today, while the yield on the 10-year benchmark government security eased by nearly 0.14 per cent to 7.178 per cent on Monday from 7.315 per cent on November 2.
Foreign portfolio investors (FPIs) have increased their investments in government securities under the Fully Accessible Route (FAR) by nearly ₹8,000 crore in the first week of November, driven by 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 ₹7,968.782 crore.
The rupee's recovery was supported by softer crude oil prices, stronger foreign fund inflows, and hopes of easing tensions in West Asia.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
