Foreign portfolio investors withdrew nearly Rs 5,109 crore from Indian government securities under the fully accessible route in three days. Rising crude prices near USD 110, US Treasury yields above 5 per cent and a weaker rupee made Indian sovereign debt less attractive amid global uncertainty
The government has abolished long-term capital gains tax on foreign investors’ holdings in government securities to attract dollar inflows, support the rupee, and boost debt market participation amid record foreign equity outflows, rising geopolitical tensions, and pressure on India's forex reserves
The fresh borrowings will push Telangana's total debt in the first five months of the current financial year beyond 50 per cent of the budgeted figure.