The first week of the month saw inflows of ₹4,970 crore as funds flowed into Indian debt in anticipation of a rate cut. The second week, however, saw outflows of ₹8,163 crore as a rate cut materialised and the rupee touched record lows, making Indian bonds less attractive to foreign investors, experts said.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000