NEW DELHI: Foreign investors have pumped in a staggering over Rs 5,000 crore in the country's debt markets in last four trading sessions helped by a stable outlook for the rupee.However, in view of higher stock valuations amid surging markets, foreign portfolio investors (FPIs) pulled out more than Rs 1,500 crore from equities during this period.According to latest depository data, FPIs invested a net sum of Rs 5,181 crore ($811 million) in debt markets during August 1-4.This comes following a net inflow of Rs 1.16 lakh crore in last six months from February-July 2017. Prior to that, they withdrew more than Rs 2,300 crore.With the latest inflow, total investment in debt markets has crossed over Rs 1.2 lakh crore ($18 billion) this year. "FPI investments in debt have been robust for the last few months. "In this scenario, Indian treasuries seem an attractive choice for FPIs. The Indian G-Sec yield curve is pretty steep (and hence attractive for term spread plays) barring the benchmark 10-year bond," he added.

Source: Economic Times August 06, 2017 07:41 UTC