FII DEBT BUYS HIT A SIX-YEAR HIGH

Overseas portfolio investment in equity is much talked about, but there was a silent revolution that took place in the debt segment of the securities market where overseas investors bought a record `Rs 45,000 crore of bonds last year. Compared to just about 2% yield on government bonds of developed nations such as the euro zone and the US, Indian bonds yield more than 8%, though that may be lower if adjusted for currency risk.