FIIs infuse over $20 bn so far this yr; $5 bn in June alone

Jun 22 2014, 11:26 IST
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The net inflows of overseas funds into Indian markets so far this year have reached USD 20.5 billion (Photo: AP) The net inflows of overseas funds into Indian markets so far this year have reached USD 20.5 billion (Photo: AP)
SummaryThe net inflows of overseas funds into Indian markets so far this year have reached USD 20.5 billion

Continuing to bet big on reforms agenda of the new government, overseas investors have poured in more than USD 5 billion into Indian markets so far this month - taking the overall net inflows since beginning of 2014 to over USD 20 billion.

Foreign investors have pumped in USD 2.35 billion (Rs 13,918.29 crore) into equity markets, and further USD 2.93 billion (Rs 17,357.43 crore) in debt securities till June 20, shows the latest market data.

The net inflows of overseas funds into Indian markets so far this year have reached USD 20.5 billion (Rs 1.23 lakh crore).

Of this, investments totalling USD 9.95 billion (Rs 59,723 crore) have come into equities, while debt markets account for USD 10.5 billion (Rs 63,476 crore).

According to market experts, the strong inflows by overseas investors have continued mainly on account of various reform measures expected from the new government and hopes of a stable economic policy regime.

FIIs, considered to be the main drivers of the equity market, have also helped push up the stock market's benchmark BSE index, Sensex, by over 1.7 per cent so far in June.

So far this year, while foreign investors have purchased securities worth Rs 6.64 lakh crore their gross sales have amounted to 5.41 lakh crore.

In June itself, foreign investors have made gross purchases worth Rs 1.25 lakh crore, while they have sold equity and debt securities worth about Rs 94,000 crore, resulting into net inflows of Rs 31,275 crore (USD 5.3 billion).

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