The Government on Monday said it will soon hold discussions with representatives of foreign portfolio investors, amid continuing overseas fund outflow from the markets following the decision to impose surcharge on certain class of such investors.
Briefing reporters here, Finance Minister Nirmala Sitharaman also said “nothing more” has been done on the proposed issuance of sovereign bonds apart from the announcement in the Union Budget.
Economic Affairs Secretary Atanu Chakraborty would hold discussions with representatives of Foreign Portfolio Investors (FPIs) soon, the minister said.
“I am quite open to hear them out what they (FPIs) have to say,” she added.
FPIs pulled out Rs 2,881.10 crore from debt and equity segments on August 1 and 2. In July, they had withdrawn a net amount of Rs 2,985.88 crore from the capital markets.