FIIs pullout Rs 18,500 cr from Indian capital markets in July

Posted By: Religare
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FIIs pullout Rs 18,500 cr from Indian capital market in July
Foreign institutional investors (FIIs) have pulled out nearly Rs 18,500 crore from the Indian capital markets so far this month, amid concerns over the US Fed policy and the depreciating rupee.

According to data on net FII investments with market regulator Sebi. the outflows as of July 26 were about Rs 12,081 crore (USD 2 billion) from the debt market and Rs 6,394 (USD 1 billion) from equities.

FIIs had been aggressive buyers of bonds in the first five months of 2013 on account of higher yields offered by the government and corporate debt. The debt market witnessed a net inflow of almost Rs 25,000 crore in January-May this year.

As of July 26, the number of registered FIIs in the country stood at 1,756 and the total number of sub-accounts at 6,426.

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