Foreign Investors Pump In Rs.22,000 Cr So Far In July

MUMBAI: Continuing to bet on the reforms agenda of the government, overseas investors have poured in a little over Rs.22,000 crore in markets since the beginning of the month.

The net investment by foreign investors in equity market stood at Rs.10,755 crore ($1.8 billion) till July 19 while for the debt market it was at Rs.11,268 crore ($1.89 billion), taking the total amount to Rs.22,023 crore ($3.67 billion), according to the latest data.

Market analysts believe that foreign investors have been betting on the Indian market mainly on reform agenda of the new government at the Centre.

Besides, they anticipate that inflow would continue in the coming months as Union Finance Minister Arun Jaitley has announced several measures in Budget 2014-15 to enthuse investors.

"From a stock market perspective, the investment push in the Budget both directly via government spending, tax cuts, higher foreign direct investment limits in insurance and defense and a bunch of steps to ease taxation should augur well," U.S. financial services major Morgan Stanley said in a note.

Since the beginning of the year, foreign investors have made a net investment of Rs.1.45 lakh crore (about $24 billion) in the country's securities market.

READ MORE:
Govt Bonds Worth Rs.2,521 Crore To Be Auctioned For FIIs
RBI Issues Draft Norms For Small Banks, Payment Banks