Allow FIIs in debt market, says survey

According to the survey report, released a day before the apex bank is scheduled to announce its monetary policy for the current fiscal, 90 per cent of the participants said the participation of FIIs in the debt market would help in its stabilisation. 

The survey, by Associated Chambers of Commerce and Industry (Assocham), was conducted among 335 chief executives representing banking, stocks, debt market, agriculture and small and medium enterprise sectors.

“With FIIs involvement in the debt market, yields of debt instruments will grow higher to moderate existing interest tariffs and it will bring inflation to positive figures,” it further said.