FPIs continue to sell g-secs in June amid weak rupee

FPIs continue to sell g-secs in June amid weak rupee

Mumbai: Foreign investors continued heavy offloading of Indian government bonds in June, although at a lesser extent than the previous two months, driven by unwinding of long positions following the latest monetary policy announcement, a risk-off sentiment globally as well as a weakening rupee. Foreign portfolio investors (FPIs) net sold ₹4,994 crore of sovereign papers…

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