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Betting high on Indian market, Foreign investors have purchased stocks and bonds worth Rs 10 lakh crore in the fiscal ending March 31.
Foreign institutional investors (FIIs) have purchased stocks and debt securities worth Rs 9,92,595.15 crore in the fiscal 2010-11, according to the latest available data with Sebi (Securities and Exchange Board of India).
At the same time, FIIs sold shares and bonds worth Rs 84,6157.71 crore during the fiscal-- still leaving behind an investment of over Rs 1.46 lakh crore for the fiscal. In dollar terms, foreign funds invested USD 32.22 billion.
FII inflows are described as 'hot money' because they can be pulled out anytime.
In the calender year 2010, overseas investors have infused a whopping Rs 1.79 lakh crore or USD 39.47 billion.
FIIs had poured in Rs 83,423 crore in the Indian market in 2009.
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