Mumbai, July 14: The second week of July has seen a net outflow of Rs 19.5 crore despite the general trend witnessed in the market which indicates a positive outlook from FIIs. However, the outflow is much less than the previous week's net outflow figure of Rs 75.7 crore. FIIs continue to remain out of the debt market for the second week in a row. The market has seen a net outflow of Rs 95.2 crore or US $ 23.5 million for the month of July as on July 10.According to figures released by Sebi, 1998 began with a net outflow of Rs 304.3 crore (US $ 77.3 million) in the month of January. The cummulative net investment has dropped to US $ 8819.6 million in July from a net cummulative figure of US $ 9284.3 million in the month of March.
This errosion in the net cummulative investment has been on account of a continuous outflow of foreign funds from the market from the month of April this year. April saw a net outflow of Rs 98.4 crore (US $ 24.8 million). This was followed by a huge outflow of Rs 883.7 crore (US$ 218.4 million) in the month of May. June witnessed an outflow of Rs 836.4 crore which was marginally lower than the outflow in May.
This year has seen only two positive inflows, in the month of February and March. In the month of February, the market witnessed a net inflow to the tune of Rs 739.6 crore (US $ 190.2 million), while March saw a net inflow of Rs 723.5 crore (US $ 183.2 million).
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
