FPIs pour in $1.8 bn in last seven trading sessions

Foreign investors infused in 1.8 billion dollars in the country's capital market in the last seven trading sessions. This is due to finalisation of GST rates for most items, and the forecast of a normal monsoon. Most of the funds were invested in the debt markets by foreign portfolio investors, FPIs. The differential spread between 10-year bond yields in the US and India is still around 4.5 to 5 per



cent.

According to the latest depository data, FPIs pulled out 289 crore rupees from equities between June 1 and 9. But they poured in 11,734 crore rupees in the debt markets during the period under review, translating into a net inflow of 11,445 crore rupees, or 1.8 billion dollars.

This follows a net inflow of more than 1.3 lakh crore rupees in the February to May 2017 period.