Foreign Inflows in India Touch $1 Billion Mark in July

Published: 20th July 2015 04:06 AM  |   Last Updated: 20th July 2015 04:06 AM   |  A+A-

HYDERABAD: Aided by positive global cues and easing of foreign investment norms, Foreign Portfolio Investors have poured in a net amount of about $1 billion (Rs 6,500 crore) in the Indian capital markets so far this month.

f11.jpgFPIs net inflow in the equities so far in July stands at Rs 4,953 crore, while the same in the debt market has risen to Rs 1,547 crore, resulting in a net inflow of Rs 6,500 crore, according to the data available with the depositories.

This follows a massive outflow of foreign investors’ funds in the previous two months from equity, debt markets.

It may be noted that FPIs’ net outflow was over Rs 1,600 crore from the capital markets (debt and equities) in June while they withdrew a net amount of Rs 14,272 crore in May.

According to analysts, the government’s approval of a composite FDI structure, which will result in further capital flowing into the system, has lifted the investors confidence and helped revive the inflows.

Besides, Greece law makers have passed the austerity laws aimed at paving the way for a bailout by the EU, which has further boosted sentiment.

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