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Govt cites FII, corporate bond inflows to show 'growth story'
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SME Times News Bureau | 01 Dec, 2020
The Finance Ministry on Tuesday laid down the growth numbers in foreign
institutional investment (FII), foreign portfolio investments (FPI) and
corporate bond issuances to show a positive momentum in the Indian
economy.
"The Indian growth story continues to expand as is
demonstrated by the trends in FPI, FDI and Corporate Bond Market flows
that indicate and underline the beliefs of investors in the strength and
resilience of Indian economy," an official statement said.
The
last two months, October and November, have witnessed a significant
resurgence in FPI inflows, driven primarily by equity inflows resulting
in the highest ever FPI inflows for a month for India, it said.
As
of November 28, FPI inflows stood at Rs 62,782 crore. Of this, equity
inflows amounted to Rs 60,358 crore while FPI net investment in debt and
hybrid was to the tune of Rs 2,424 crore, it said.
Regarding the
equities segment, the inflows in November 2020 is the highest amount of
money invested ever since FPI data has been made available by the
National Securities Depository Ltd.
FPI flows are known to be
less resilient and more sensitive to changing market conditions.
Investments through the FPI route are therefore gauged through the
metric of net inflow and outflow. In October and November 2020, FPIs
primarily witnessed inflows into India.
Further, total FDI
inflows into India during the second quarter of financial year 2020-21
(July 2020 to September 2020) have been $28,102 million, out of which
FDI equity inflows were $23,441 million or Rs 174,793 crore.
This
takes the FDI equity inflows during the financial year 2020-21 upto
September 2020 to $30,004 million which is 15 per cent more than the
corresponding period of 2019-20, said the Finance Ministry statement.
In rupee terms, the FDI equity inflows of Rs 2,24,613 crore are 23 per cent more than the last year.
In
H1 FY21, the total corporate bond issuances amounted to Rs 4.43 lakh
crore, 25 per cent higher than Rs 3.54 lakh crore in the same period
last year.
The narrowing spread with G-Secs stands testimony to the improved risk perception of corporate bonds.
"Further,
the cost of funds also moderated for both the government and the
corporate, on the back of RBI's monetary easing and liquidity infusion,
thereby bringing down yields in the various segments of the debt
markets," said the statement.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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