Overseas Inflows Touch Rs 72,000 Crore So Far This Year

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Overseas investors have injected nearly Rs 14,000 crore into the Indian capital markets within a fortnight of this month, taking the total inflow to around Rs 72,000 crore since January 2015, said the media report.

Overseas Inflows Touch Rs 72,000 Crore So Far This Year
The analysts expect the inflows to accelerate further going ahead following the passage of the Insurance Bill in Parliament and assurances in the Union Budget to revisit controversial issues like General Anti-Avoidance Rule (GAAR).

The Foreign Portfolio Investors (FPIs) have bought shares worth a net Rs 9,134 crore during March 2-13, while in the debt segment, their net inflows stand at Rs 4,567 crore, taking the total to Rs 13,706 crore (USD 2.2 billion), as per the data compiled by the Central Depository Services Ltd. Market participants attributed the robust inflows to positive investor sentiment driven by the government's announcement of several reform measures.

Besides, finance minister Arun Jaitley announced a slew of measures to attract overseas investment in the country in his Union Budget.

In 2014, the net investment by overseas investors in debt markets was Rs 1.59 lakh crore, while the figure for equities stood at Rs 97,054 crore. Overall net investment by foreign investors stood at Rs 2.56 lakh crore last year.

Read more about: insurance bill
Story first published: Monday, March 16, 2015, 12:30 [IST]
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