Details of investment upto December 1998 by
Foreign Institutional Investors registered with the SEBI and granted approval
under FERA by the Reserve Bank of India are presented in Table No. 24.
In December 1998, the net investment of FIIs was positive at US $ 49.5
million reflecting a net capital inflow. During the first nine months of
current financial year, there has been a net decrease in portfolio investments
by $ 634.1 million. During April-December 1998, for 6 months gross sales
of FIIs exceeded their purchase resulting in net outflows. The excessive
sales had adverse impact on secondary market as during the same months
(April to June, August, October and November). BSE, Sensex and other indices
also had fallen.
Chart 8: FII Investments
During 1998-99
|
(Rs. in Cr.) |
(Rs. in Cr.) |
(Rs. in Cr.) |
US$ M at monthly ex rate |
Investment US$ m at monthly ex rate |
|
| GT for 1993 |
2661.9
|
66.8
|
2595.1
|
827.2
|
827.2
|
| GT for 1994 |
9267.2
|
2476.1
|
6791.2
|
2164.8
|
2991.9
|
| GT for 1995 |
6665.9
|
2812.2
|
3853.8
|
1191.4
|
4183.4
|
| GT for 1996 |
15739.2
|
4935.6
|
10803.6
|
3058.2
|
7241.6
|
| GT for 1997 |
18926.5
|
12719.2
|
6207.3
|
1746.7
|
8988.2
|
| J 98 |
772.9
|
1077.2
|
(304.3)
|
(77.3)
|
8911.0
|
| F 98 |
1494.1
|
754.5
|
739.6
|
190.2
|
9101.2
|
| M 98 |
1655.2
|
931.7
|
723.5
|
183.2
|
9284.3
|
| A 98 |
1294.0
|
1392.4
|
(98.4)
|
(24.8)
|
9259.5
|
| M 98 |
845.9
|
1729.7
|
(883.7)
|
(218.4)
|
9041.2
|
| J 98 |
802.3
|
1638.7
|
(836.4)
|
(198.0)
|
8843.2
|
| JL 98 |
1309.8
|
1226.1
|
83.7
|
19.7
|
8862.9
|
| A 98 |
813.6
|
1270.6
|
(457.0)
|
(106.9)
|
8756.0
|
| S 98 |
1453.4
|
1312.0
|
141.3
|
33.2
|
8789.2
|
| O 98 |
1073.7
|
1672.2
|
(598.4)
|
(141.4)
|
8647.9
|
| N 98 |
1039.1
|
1239.0
|
(199.9)
|
(47.2)
|
8600.6
|
| D 98 |
1345.8
|
1135.8
|
210.0
|
49.5
|
8650.2
|
| GT for 1998 |
13899.8
|
15379.7
|
(1479.9)
|
(338.0)
|