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Economic dataMoneycontrol

FPIs invest Rs 7,759 crore in FAR G-Secs in November

Positive+24

GreyOak summary

Foreign portfolio investors reversed outflows by buying Rs 7,759 crore in Indian government securities in early November. This shift followed a rupee appreciation of 1.1% and a 17% drop in Brent crude prices. The 10-year G-sec yield fell 22 basis points to 7.1898%, driven by softer oil and lower US Treasury yields.

What it affects

  • FII flowsPositive +24

    FPIs bought Rs 7,759 crore in G-SecsRolling sentiment Neutral +12

  • USD/INRPositive +24

    Rupee appreciated 1.1% supporting investor sentiment.Rolling sentiment Positive +33

Source

Read the original at Moneycontrol

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