FIIs pull out Rs 5,000 crore from debt securities
Mumbai: After pouring in over Rs 80,000crore in Indian debt securities in first seven months of 2014, overseas investors have pulled out nearly Rs 5,000 crore (USD 811 million) so far in the current month.
In comparison, equity markets have seen a modest net inflow of about Rs 100 crore so far in August. According to the latest data compiled by depositories, foreign investors made gross purchase of equities and debt securities worth over Rs 33,351.67 crore during August, as against a sale of about Rs 38,215 crore across the two segments -- resulting into a net outflow of Rs 4,863.35 crore (USD 801.46 million).
The significant outflows this month have also brought down net investments by Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) to USD 25.6 billion as on August 8, against more than USD 26 billion registered at the end of July.
FIIs and FPIs have purchased shares worth about Rs 27,875 crore so far this month, while they sold equity worth Rs 27,777 crore in the same period.