Market
analysts attributed the inflows into the debt market to the easing of
investment norms for Foreign Institutional Investors buying government
and corporate bonds.
FIIs
infused a net amount of USD 1.2 billion (Rs 6,532 crore) during March
taking the total for 2013 so far to USD 2.49 billion (Rs 13,480 crore)
for Indian bond market, as per data available with market regulator
Securities and Exchange Board of India.
FIIs had pumped in USD 743 million (Rs 4,000 crore) in February and USD 551 million (Rs 2,947 crore) in January.
From
March 1-26, FIIs were gross buyers of debt worth Rs 24,089 crore. They
sold bonds worth Rs 17,557 crore, translating into a net investment of
Rs 6,532 crore (USD 1.2 billion).
FIIs
have also invested USD 1.5 billion (Rs 8,557 crore) in the stock market
in March, taking their overall investment to USD 10.2 billion (Rs
55,055 crore) so far this year.
They had pumped in USD 4.57 billion in February and USD 4.05 billion in January.
Last
week, Finance Minister P Chidambaram announced that the government
would remove all restrictions and sub-limits within the two broad
categories - government securities and corporate bonds – from 1st April.
It will keep the ceiling of USD 25 billion for government securities and USD 51 billion for bonds issues by companies.
FIIs
had pumped in around USD 6.64 billion (nearly Rs 35,000 crore) in the
Indian debt market in 2012, highest in two years, largely on account of
increased investment limits in bonds and weak rupee.
As on 25th March, the number of registered FIIs in the country stood at 1,760 and total number of sub-accounts was 6,331.
No comments:
Post a Comment