Business
Foreign investors pull Rs 5,109 cr from govt bonds in 3 days amid global uncertainty
Reported by Arjun Sethi (Fact-Checker) · Economic Times - Markets ·
Representative image · Wikimedia CommonsForeign investors pull Rs 5,109 cr from govt bonds in 3 days amid global uncertainty. In a recent turn of events, foreign portfolio investors pulled out over Rs 5,109 crore from Indian government securities. This significant withdrawal was driven by global uncertainties and a declining rupee, alongside soaring crude oil prices and increasing US Treasury yields. Such conditions rendered Indian sovereign debt less appealing, prompting capital flight from emerging markets, notably India.
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