Mumbai April 30 (IANS) With market regulator Sebi raising the ceiling for foreign institutional investors (FIIs) in government debt FII investment into Indian equities and bonds in April touched a massive $3.5 billion in April.
According to the depository data FPIs in April invested a net amount of Rs 2 394 crore in equities and a further Rs 20 364 crore in the debt segment making for a combined inflow of Rs 22 758 crore ($3.5 billion).
FII investments in the Indian capital market in March hit a record high in about 15 years. Overseas investors bought $8.84 billion worth of Indian shares and bonds last month in the biggest monthly inflow since 2002.
In February FIIs had made a net investment of Rs 15 862 crore in equity and debt markets.
Thus total inflow has reached to Rs 91 385 crore ($14 billion) so far this year in the capital markets (equity and debt).
Union Finance Minister Arun Jaitley said here on Friday that India has been a big beneficiary of globalisation in the way of foreign investment especially at a time when private domestic investment has been sluggish.
Foreign direct investment (FDI) inflows into India in 2016 jumped 18 per cent to a record $46.4 billion at a time when global FDI inflows fell.
Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi noted at industry chamber CII s annual session here on Friday that the rupee continues to gain against the US dollar this year and that Indian financial markets have shown strong growth.
--IANS
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FIIs pour in $3.5 bn into Indian capital markets in April
