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FIIs inject Rs 22K cr in India this July

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

The net investments 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 anticipate that inflows would continue in the coming months as 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 as well as tax cuts together with higher FDI limits in insurance and defence should augur well,” US financial services major Morgan Stanley said.

Since the beginning of 2014, foreign institutional investors have made a net investment of Rs 1.45 lakh crore (about $24 billion) into the country’s securities market. This includes a net investment of Rs 70,550 crore in equities and Rs 74,000 crore into debt market.

They, along with sub-accounts and qualified foreign investors, have been clubbed together by market regulator Sebi, to create a new investor category called Foreign Portfolio Investors.
The cumulative net investments stand at $195 billion.

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