FIIs infuse over $26 b in 2014

Driven by an investment friendly government at the centre, overseas investors have pumped in a staggering $6 billion into the Indian securities market in July -- taking their overall net inflows since beginning of 2014 to more than $26 billion.

Foreign investors have poured in $2.18 billion (Rs 13,124 crore) into the equity markets, while they have made net investments worth $3.83 billion (Rs 22,977.65 crore) in debt securities, during July -- the highest inflow for a month so far this year, latest market data showed.

With the July figures, the net inflows of overseas funds into Indian capital markets in 2014 had reached about $26.4 billion (about Rs 1.59 lakh crore). However, on Friday, overseas investors pulled out securities worth about $240.5 million from the market, taking down the net investment by them to $26.16 billion (Rs 1.57 lakh crore) for this year.

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