Starting January, the US Fed cut bond purchases to USD 75 billion from USD 85 billion. Earlier this month, it decided to cut it by another USD 10 billion.
Experts also said that the market would not witness strong inflows till the general elections, scheduled for May, are completed in India and the further pumping in of money by FIIs would depend on the formation of the new government.
However, overseas investors have pumped in Rs 7,372 crore in the debt market this month so far. With the latest pull-out, FIIs investment in bonds stood at Rs 801 crore since the beginning of 2014.
In 2013, overseas investors infused a net amount of Rs 1.13 lakh crore (USD 20.10 billion) in equities, while they pulled out a net of Rs 50,847 crore (USD 8 billion) from the bond market.
As of February 14, the number of registered FIIs in the country stood at 1,727 and the total number of sub-accounts was at 6,380.
Latest Business News
