Strong economic fundamentals, a good monsoon, lower rate of interest and rising consumption demand leading up to the festive season are prompting foreign fund managers to feel more comfortable with India as they pumped in over Rs.20,000 crore ($3.04 billion) in domestic equity and debt. Although part of this net inflow, about Rs.3,000 crore, came in through a block deal in Kotak Bank, institutional players dealing with foreign investors say most foreign fund managers they are talking to are bullish on India.
Data released by CDSL showed that in September, FIIs had net bought stocks worth Rs.10,443 crore ($1.6 billion) and bonds worth Rs.9,789 crore -the highest in the last 11 months.
Data released by CDSL showed that in September, FIIs had net bought stocks worth Rs.10,443 crore ($1.6 billion) and bonds worth Rs.9,789 crore -the highest in the last 11 months.
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