Foreign investors infuse `13,000 crore in debt markets so far this month

Overseas investors have pumped in about Rs 13,000 crore in the Indian debt market so far this month, endorsing the country's growth potential and political stability. This takes the total investment in the debt market to around Rs 99,000 crore so far this year. Foreign investors were gross buyers of debt securities worth Rs 31,639 crore till 22 August, and sellers to the tune of Rs 18,649 crore — a net inflow of Rs 12,990 crore ($2.14 billion), as per latest data. The country's debt market has seen a recent surge in foreign buying especially last week after pulling out money in the first fortnight of August.

Moreover, foreign investors had poured in Rs 16,072 crore ($2.65 billion) in a single day (20 August) in the debt market. According to analysts, foreign investors believe that the new government would bring several reform measures to pep up economy. Foreign investors have pumped in a staggering Rs 98,802 crore ($12.76 billion) into the Indian bond market so far this year, higher than investments of Rs 76,705 crore ($16.4 billion) into equities during the period.