Outflows from Govt. securities slow in May, $ 454 m in first five months

Tuesday, 14 July 2020 00:34 - - {{hitsCtrl.values.hits}}

A net outflow of foreign investment amounting to $ 3 million was recorded from the rupee denominated Government securities market in May, resulting in a cumulative net outflow of $ 454 million during the first five months of 2020.

The total outstanding exposure of foreign investment in the Government securities market remains significantly low at $ 126 million as at end-May.

There were net outflows of $ 36 million from the secondary market of the CSE in May (no primary market inflows were recorded in May), subsequent to the resumption of trading at CSE from 11 May. On a cumulative basis, the CSE recorded a net outflow of $ 64 million in the first five months of 2020.

Further, net outflows on account of long-term loans to the Government amounted to $ 313 million in May, mainly due to the repayment of a syndicated loan of $ 333 million.