Overseas investors pulled out nearly Rs 8,500 crore (about $1.4 billion) from the debt market in the last fortnight amid concerns over the depreciating rupee, which dropped to a record low of 61.21 against the dollar during the period. During July 2-12, foreign institutional investors (FIIs) were gross buyers of debt securities worth Rs 4,989 crore, while they sold bonds amounting to Rs 13,463 crore, translating into a net outflow of Rs 8,474 crore ($1.41 billion), according to SEBI data. The latest outflow comes after a net pull-out of Rs 33,135 crore ($5.7 billion) from debt securities in June. FIIs had turned net sellers of debt securities here for the first time in 13 months. Moreover, foreign investors have withdrawn a net amount of Rs 290 crore from the equity market in June so far.
Posted on: Mon, 15 Jul 2013 02:03:28 +0000
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