Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

July FDI inflows up 13 per cent to three month high

Sep 18 2013, 09:56 IST
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SummaryFor first 4 months of current fiscal, FDI inflows were up 20% from a year earlier to $7.05 billion.

Foreign direct investment inflows into India rose an annual 12.9 per cent in July to $1.66 billion, the government said in statement released late on Tuesday, the highest monthly inflow for three months.

FDI inflows were $1.47 billion in July last year.

For the first four months of the current fiscal year, FDI inflows were up 20 per cent from a year earlier to $7.05 billion, the Ministry of Commerce and Industry said in the statement.

FDI inflows had declined to $22.42 billion in the fiscal year ended March 2013, from $35.12 billion in the previous year.

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