Single largest daily investment in last 10 years
Foreign institutions invested Rs 802 crore in the debt market yesterday, a record single-day investment in the 10 years of foreign institutional investment history. This is 5,676 per cent higher than the total Rs 13.9 crore invested in debt in May 2002.
The arbitrage opportunity between the overseas and the Indian gilts market is encouraging foreign portfolio investors.
According to information provided by the Securities and Exchange Board of India (Sebi), foreign portfolio investments amounted to Rs 1,433 crore in debt in 2003 till May 19. This is three times higher that last year
