Overseas investors pumped in a staggering 33,688 crore rupees in capital markets last month, making it the highest investment in six months. Foreign Institutional Investors, FIIs bought shares worth 12,919 crore rupees in January, while they bought debt worth 20,769 crore rupees. These investors got re-christened as Foreign Portfolio Investors last year under a new regulatory regime that promises to make it easier for them to invest in India. Market analysts attributed the huge inflow to low inflation levels and rate cut by RBI. The central bank on January 14, surprised market participants with a 25 basis point rate cut. Besides, foreign investors are betting on Indian capital markets on expectations of more rate cuts by the Central bank.
News On AIR | February 1, 2015 2:23 PM
FII inflows at 6-month high of Rs 33688 crore last month