FIIs pulled $1.06 billion from Indian debt in June amid global risks and narrowing yield spreads, though short-term bond picks hint at selective optimism.
The interest rate differential and the government’s resolve on fiscal consolidation have attracted investors to bonds.
The benchmark BSE Sensex could dive to 22,000 levels by end of the current fiscal, owing to adverse global developments following Britain's exit of European Union, says a report
The current account deficit of the country is "peaking" but is likely to hover around 4 per cent level until 2015, says a Bank of America Merrill Lynch report.