India FII inflows cross $42 billion |
Overseas investors poured in $2 billion in the Indian capital markets during December 2014 so far, taking total inflows to a staggering $42 billion since January 2014. The net investment by foreign investors into equities is at $116 million during December 1-26, while total inflows in the debt market in the same period were $1.94 billion. Market analysts say Foreign Institutional Investors, which got re-christened as FPIs, or Foreign Portfolio Investors, have been betting on the Indian markets, mainly on account of the reforms agenda of the government. Foreign investors are pumping funds into debt in order to take advantage of higher yields. The debt market attracted most of the funds in December and investment in equities was just $116 million.
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