FIIs pour in $4 bn into equities in Feb so far
Analysts attribute strong FII inflows to signs of RBI easing interest rates and the subsequent impact of improved liquidity position
Overseas investors have pumped in a staggering $4 billion into the Indian stock market in the first two weeks of February, taking the investment tally to $8 billion for calendar year 2013 so far.
Foreign Institutional Investors (FIIs) infused a net amount of $3.95 billion (about Rs 21,058 crore) in Indian equities in February so far, taking the total for the year to $8 billion (Rs 43,117 crore).
Market analysts attributed strong FII inflows to signs of RBI easing interest rates and the subsequent impact of improved liquidity position.
Additionally, a slew of measures taken by the government, including the postponement of GAAR (General Anti Avoidance Rules) implementation by two years to April 1, 2016 and partial decontrol in diesel prices, have also attracted foreign investors.
For more visit: Business Standard
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