FIIs pull out of Indian equities, buy government bonds

06/23/2013 | Economic Times (India), The · Hindu (India), The

As the rupee has plunged, foreign institutional investors have pulled more than US$5 billion out of Indian debt and equity in the past few weeks, according to the Securities and Exchange Board of India. However, SEBI reported that FIIs on Thursday placed bids for US$6.7 billion in government bonds, with a 93% subscription in the largest-ever auction for such securities.

View Full Article in:

Economic Times (India), The · Hindu (India), The

Published in Brief: