Search Global Export Import Trade Data
Recent Searches: No Recent Searches

FPIs sold more debt in six months than entire 2021; deteriorating macros key concern.

Date: 04-06-2022
Subject: FPIs sold more debt in six months than entire 2021; deteriorating macros key concern
NEW DELHI – It is no secret that the global economic upheaval caused by Russia’s invasion of Ukraine and aggressive monetary tightening plans by the US Federal Reserve has prompted overseas investors to exit Indian equities in droves.

While the foreign outflows from Indian equity markets have dominated the recent headlines, the latest data on overseas investment activity in debt doesn’t do anything to improve the outlook on Indian financial assets.

NSDL data showed that so far in the current calendar year, foreign portfolio investors have net sold Rs 13,177 crore worth of Indian debt. This outstrips the Rs 10,359 crore worth of net sales in the whole of 2021.

While the NSDL data shows the trend for overall debt assets, the figures provided by the Clearing Corporation of India show the FPI sales figures for government securities.

The selling pressure in debt may be much lower than that shown by FPIs in the stock markets, but the figures are definitely not encouraging.

So far in the current calendar year, FPIs’ net investment in government securities has reduced by Rs 9,323.85 crore. For comparison, FPIs had net sold Rs 13,448.48 crore worth of Indian sovereign bonds in the previous calendar year as a whole.

Investment under the Fully Accessible Route, however, has increased by Rs 3875.66 crore so far in 2022, the CCIL data showed. The FAR, which was introduced in the Union Budget for FY21, permits full investment in specified government securities for non-resident investors without any restrictions.


Key factors cited by market participants ET Markets spoke to were worsening of India’s macroeconomic fundamentals and the US Fed’s plans for higher interest rates.

Higher interest rates in the world’s largest economy dim the appeal of riskier fixed-income assets in emerging markets such as India.

Over the last year, the yield on the 10-year US Treasury bond, a global benchmark for debt, has surged 129 basis points, reflecting the monetary tightening plans of the country’s central bank.

Source Name:- Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 04-08-2022
Notification No. 66/2022 - Customs (N.T.)
Exchange rate Notification No.66/2022-Cus (NT) dated 04.08.2022-reg.

Date: 03-08-2022
Notification No. 24/2022-Customs (ADD)
seeks to impose anti-dumping duty on Opal Glassware from UAE & China PR for a period of 5 years.

Date: 02-08-2022
Notification No. 21/2022-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on Diesel.

Date: 01-08-2022
NOTIFICATION No. 17/2022 – Central Tax
Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022.

Date: 23-07-2022
Notification No. 44/2022-Customs
Seeks to amend notification No. 49/2021 - Customs, dated 13.10.2021, in order to extend the concessional Agriculture Infrastructure and Development Cess [AIDC] of Nil on Lentils (Mosur) up to and inclusive of the 31st March, 2023.

Date: 21-07-2022
Notification No. 64 /2022 - Customs (N.T.)
Exchange rate Notification No.64/2022-Cus (NT) dated 21.07.2022-reg.

Date: 20-07-2022
Notification No. 43/2022-Customs
Seeks to amend notification No. 22/2022-Customs, dated 30.04.2022 to enable TRQ holders to import gold through IIBX under TRQ mechanism of India-UAE CEPA .

Date: 19-07-2022
Notification No. 19/2022-Central Excise
Seeks to exempt the excisable goods, namely Petrol, Diesel and Aviation Turbine Fuel from Special Additional Excise Duty and Road and Infrastructure Cess when exported from units located in the Special Economic Zones (SEZ).

Date: 19-07-2022
Notification No. 18/2022-Central Excise
Seeks to reduce the Special Additional Excise Duty on production of Petroleum Crude and export of Aviation Turbine Fuel.

Date: 19-07-2022
Notification No. 17/2022-Central Excise
Seeks to amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on exports of Petrol and Diesel.

Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001