First time in six months! FPIs turn net buyers in debt with Rs 1,673.63 cr buying in August so far; check FIIs data
After turning net buyers in the cash market after around eight months, the Foreign Portfolio Investors (FPIs) have now also become net buyers of debt so far in August.
"It happened due to the overall market condition - signs of inflation cooling off, prospects of oil staying low due to cooling global demand and China slowdown, manageable deficits to buoyant tax collections."