FIIs pull out Rs 4,500 cr from debt mkt

 Foreign Institutional Investors (FIIs) pulled out more than Rs 4,500 crore from Indian debt market in the first week of this month amid concerns over depreciating rupee.

During July 2-5, FIIs were gross buyers of debt securities worth Rs 2,931 crore and sold bonds for Rs 7,432 crore translating into a net outflow of Rs 4,501 crore, as per market regulator Sebi data.

However, they invested net amount of Rs 1,040 crore  in the equity market during the week.

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