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Market move▼ Bearish for Indian equities
FPIs sell ₹9,192 crore of FAR bonds in Sept as global risks intensify
The brief
- FPIs sold ₹9,192 crore of FAR government bonds in September, ending a five-month buying streak
- High crude prices and firm US yields weighed on foreign demand
- Foreign selling may pressure bond yields, raising funding costs for Indian banks and rate-sensitive sectors
- India bonds edge up on short covering as US yields cool
- Ten-year bond yield hits 7.19%, highest in two years
- India 10-year yield scales two-year high as supply, global rout bite
- RBI may shift govt borrowing towards shorter tenures in H2
- India 10-year yield hits over two-year high as supply angst adds to global woes