Overseas investors have poured in a staggering 19,772 crore rupees into the Indian debt market in May. It is the highest monthly inflow in about two and a half years. The net inflow last month came after Foreign Institutional Investors, FIIs had pulled out net amount of about 9,200 crore rupees in April.

According to market experts, FIIs have pumped in huge investments on hopes that the new Narendra-Modi led government will take steps to revive the economy and a favourable interest rate scenario. This is the highest monthly net inflow since December 2011, when FIIs had made a net investment of 21,774 crore rupees in the debt market.

Currently, there are over 1,700 registered FIIs in the country alongwith 6,450 sub-accounts.