Foreign Portfolio Investors (FPIs) are considering safer investment havens following escalating tensions in the Middle East, which have resulted into poor results at the recent Open Market Operation (OMO) auctions.
The investors, who typically favour the OMO market, are now prioritising capital preservation over high yields.
“This isn't just about the rate anymore; it’s about risk appetite. FPIs are the traditional backbone of the OMO market. With global uncertainty rising, they are choosing to stay liquid or move capital to developed mar
