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FIIs invested Rs 19,000 crore in debt market so far in January 2014

IBEF:  January 27, 2014

New Delhi: The foreign institutional investors (FIIs) invested over Rs 19,000 crore in the Indian debt market so far in January 2014. FII inflows into the debt market are increasing on back of stability observed in foreign exchange and interest rates.

FIIs were gross buyers of debt securities worth Rs 30,266 crore and sellers of bonds to the tune of Rs 11,450 crore till January 24, 2014, resulting in a net inflow of Rs 18,816 crore, according to the data released by the Securities and Exchange Board of India.

FIIs also infused Rs 3,473 crore into the equity market during this period, taking their total investment in debt and stocks to about Rs 22,289 crore.

The Reserve Bank of India (RBI) has kept its key interest rate unchanged at the mid-quarter monetary policy review on December 18, 2013.

As of January 24, 2014, there were 1,724 registered FIIs in the country and 6,354 sub-accounts.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.