Mumbai, Aug 13 (PTI) Signs of India's economic recovery appears to have raised the confidence among foreign investors with the flow of foreign investment surging five times in the April-June quarter.
As against a flow of nearly USD three billion in the preceding quarter of Jan-March, the direct and portfolio investments flow together rose sharply to USD 15 billion during April-June this year, data released by RBI revealed.
Of the total investment flows during the quarter, portfolio investments accounted for USD 8.270 billion, while direct inflows contributed USD 7.016 billion to the total flows, Reserve Bank data showed.
In the three months ended March, 2009, total inflows into the domestic market was a mere USD 3.589 billion.
Foreign fund inflows had sharply declined in FY09 after the global financial turmoil triggered panic among foreign institutional investors, prompting them to pull out money from emerging markets.
As against a flow of nearly USD three billion in the preceding quarter of Jan-March, the direct and portfolio investments flow together rose sharply to USD 15 billion during April-June this year, data released by RBI revealed.
Of the total investment flows during the quarter, portfolio investments accounted for USD 8.270 billion, while direct inflows contributed USD 7.016 billion to the total flows, Reserve Bank data showed.
In the three months ended March, 2009, total inflows into the domestic market was a mere USD 3.589 billion.
Foreign fund inflows had sharply declined in FY09 after the global financial turmoil triggered panic among foreign institutional investors, prompting them to pull out money from emerging markets.
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