Foreign institutional investors (FII) continue to be attracted to the India story with the number of FIIs registered with the Securities and Exchange Board of India (Sebi) surging past 600 for the first time. |
According to latest figures put out on the Sebi website, the number of FIIs registered in India has gone up to 602 as on 19th August from 542 on 13th May, when the new government was elected and 517 on the 31st of December 2003. |
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The net FII inflows for August is Rs 641 crore ""both equity and debt"" with the total net inflow for 2004 was a reported Rs 17,241 crore. |
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Players said FIIs have been fairly bullish on the India story, despite the markets falling from their January highs. |
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Said a dealer with a local institutional brokerage, "India still provides a good investment opportunity to global investors." |
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He added that rising international oil prices and domestic inflation are a cause for worry but foreign investors are more sure of the India story than earlier as fundamentals are in place. Total FII inflows in India till date is Rs 1,11,343.90 crore. |
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