FPI inflows at record Rs 57,000 cr in March

Foreign investors pumped in a record Rs 57,000 crore in Indian capital markets in March, buoyed by expectations that BJP's victory in assembly polls is a precursor to more "bold, reformist policies".With the latest funds mobilisation, net investment by FPIs in the capital markets - equity and debt - reached a little over Rs 49,000 crore in 2016-17. In the just-concluded fiscal, FPIs invested a net sum of over Rs 56,000 crore in equities while they pulled out Rs 7,000 crore from the debt market. According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs 31,327 crore in equities in March and another Rs 25,617 crore in the debt segment, translating into a combined inflow of Rs 56,944 crore (USD 8.7 billion).

This was the highest net inflow by FPIs in a single month since 2002 when segregated data for equities and debt were available with Sebi. The latest inflows follow a net investment of Rs 15,862 crore in equity and debt in February.