Market participants are closely watching foreign portfolio investor (FPI) activity in fully accessible route (FAR) securities as some investors, who had bought into them in anticipation of their inclusion in the Bloomberg global bond gauge, are expected to lighten positions accumulated over the past two months. Inflows into Indian debt have already tapered over the past two weeks, with the daily average inflow in July being just about 300 crore. In June, the daily average FPI inflow in debt was 10 times more-at nearly 3,000 crore. On a monthly basis, FPIs invested 41,774 crore in June and 7,581 crores in July, CCIL data showed.