FPIs now wary of Indian government bonds; here is why
Overseas investors have turned wary of Indian government bonds after the rupee hit a 13-month high, leading to under-subscription of an auction of foreign portfolio investors’ (FPI) unutilised investment limit worth Rs 26,002 crore in G-sec by the National Stock Exchange (NSE) on Tuesday.
NSE received 68 bids worth Rs 20,712 crore from FPI against the unutilised government bond investment limit worth Rs 26,002 crore offered for auction on Tuesday. Image source: Pixabay