FII investment crosses $10 billion

Written by fe Bureau | Mumbai | Updated: Apr 3 2014, 08:59am hrs
The amount of money pumped in by overseas investors has crossed another psychologically important mark. At a time when the equity market has been consistently hitting all-time highs, total FII investment in equity and debt crossed the $10-billion mark on Wednesday.

FIIs pumped in another $100 million in Indian shares on Wednesday, taking the year-to-date FII purchases to $4.18 billion. In debt, FII investment stood at $6.13 billion.

India has attracted the highest proportion of overseas investment among emerging economies.

The country's FII inflows are higher than that of peers such as Indonesia ($2.4 billion), Taiwan ($3.6 billion), South Africa ($0.7 billion) and Brazil ($1.2 billion). Asian peers, such as South Korea and Japan, have seen outflows of $2 billion and $21 billion, respectively.