FII inflow in Nov at $4.78-bn; touch record

New Delhi, Dec 1 (PTI) Mirroring their faith on the Indian economy, overseas funds have infused a staggering USD 4.78 billion in the capital market in November, taking the year-to-date total to USD 39 billion.

With an investment of USD 4.78 billion in November, the total inflows of foreign institutional investors (FIIs) so far in 2010 have crossed record USD 38.76 billion-mark.

As per the data available with the capital market regulator Securities and Exchange Board of India (Sebi), FIIs have made investment worth USD 4.11 billion in equity and poured 667.71 million in debt market.

According to analyst, FIIs have been pumping funds into emerging markets like India because of their strong growth potential. Besides, rising concerns over the Korean conflict and Ireland's debt issue are driving foreign funds into the equity market.