ECONOMYNEXT – Foreign investors have sold rupee bonds in the first week of December, after being net buyers in the previous week, official data show.
Foreign investor holdings of rupee bonds fell to 116.5 billion rupees in the week to December 04, from 120.8 billion rupees a week earlier, central bank data showed.
However foreign investors were net buyers in the previous week.
Foreign investors were net sellers in the second half of 2018 but resumed buying from around February 2019.
Since then there have been sales and purchases. From around July/August in 2019 the central bank stopped mopping up inflows to keep a peg with the rupee strong analysts have said. (Colombo/Nov10/1019)