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FII Inflows Into India Surges To $15 Billion In April-June

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Adding to signs of an economic recovery, total inflow of foreign direct and portfolio investments into India jumped 5 times to $15 billion in the April-June period compared to $3.58 billion received in the preceding quarter, data from the Reserve Bank of India revealed.

While portfolio inflows accounted for $8.270 billion, direct investments totaled $7.016 billion.

In full year 2009 ended March, foreign fund inflows fell sharply to $21.313 billion from $61.633 billion in 2007-08 amid domestic and global liquidity crunch.

(Market News Provided by RTTNews)

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