Foreign institutional investors
(FIIs) invested three billion dollars in Indian equities in November, which
marks as the highest since March. The net November Foreign investor’s investment
of USD 3.05 billion is the highest since the USD 5.1 billion in March. Their
net investment so far this year stands at USD 8.86 billion. This jump is attributed on the recapitalization
of banks coupled with, global risk-on trade.
On 24 October, the govt announced a
Rs. 2.11 trillion bank recapitalization plan for state-run lenders weighed down
by bad loans, seeking to motivate the flow of credit.
Foreign institutional investment is
used commonly in India to refer to outside companies investing in Indian
financial markets.
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