FIIs invest Rs 11,337 crore in Indian bonds in February

Overseas investors pumped in Rs 11,337 crore in the Indian debt market last month and were net buyers of bonds for the second straight month this year.

Foreign institutional investors (FIIs) were gross buyers of debt securities worth Rs 27,657 crore and sellers of bonds to the tune of Rs 16,320.1 crore, resulting in a net inflow of about Rs 11,337 crore, according to data with the Securities and Exchange Board of India.

Besides, FIIs invested Rs 1,404.3 crore in the equity market last month.

Foreign investors had made a net investment of Rs 12,609 crore in the debt segment in January.

In 2013, FIIs withdrew Rs 50,847 crore ($8 billion) from the bond market and infused Rs 1.13 lakh crore ($20.1 billion) in equities.

They started pulling out from the Indian debt market after the US Federal Reserve first indicated in May that it would taper its stimulus programme, raising concerns that funds for investing in emerging markets may be reduced.

The Fed subsequently started tapering its bond purchases in January.

The rupee, which touched an all-time low of 68.85 against the dollar in August, has recovered and closed at 61.75 on Friday.

As of February 28, the number of registered FIIs stood at 1,721, while there were 6,354 registered sub-accounts.

EDITORIAL OF THE DAY

  • The government must only sell PSU stocks that are in demand

    The government’s move to change the methodology of selecting merchant bankers for divesting stake in various public sector undertakings would save d

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Delhi and its democratic core

In the last one month, questions have been raised about ...

Kuruvilla Pandikattu SJ

Moral basis for collective living

Laudato si (Praise Be to You”) the second circular letter ...

Dharmendra Khandal

Have you spotted those wasps, yet?

Wasps are insects that ride on the monsoon winds. I ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture