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FPIs selling spree continues; withdraw Rs 1,200-cr from debt markets

Sunday, July 15, 2018, 11:11 AM

Continuing their selling spree, foreign investors have pulled out nearly Rs.1,200 crore from the debt markets in the first two weeks of the month on higher fuel prices and possibilities of rate hike by the US Federal Reserve. The latest sell-off comes after foreign portfolio investors (FPIs) withdrew an amount close to Rs 50,000 crore from the debt markets in last five months.

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