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January 2012 emerged as the Best Month in Terms of Foreign Fund flows since November 2010

Economy Current Affairs 2012. Net FII buying crossed the $2-billion mark in January 2012 making January the best month in terms of foreign fund flows since November 2010

Jan 31, 2012 18:09 IST
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As per data published by the market regulator SEBI on 27 January 2012, net FII buying crossed the $2-billion mark in January 2012 making January the best month in terms of foreign fund flows since November 2010. FIIs had recorded a net outflow of $358 million in 2011. Inflows in January 2012 is in sharp contrast to over $1 billion outflow in January 2011. The surge in inflows also helped strengthen the Indian rupee which closed above the 49-level after nearly 10 weeks.


January’s inflow figure, however was less than a third of the monthly inflow record set in October 2010, when $6.4 billion was pumped in by foreign fund managers. In October 2010 the figures were further pumped through the hugely successful Coal India IPO.


SEBI’s data showed a net FII inflow of $1779 million. Institutional trading data on the BSE showed net inflow figure on 27 january at Rs 1240 crore, which translates to $252 million. The aggregate of the two is slightly over the $2 billion mark.

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