FII debt investment above $2 bn

It’s not only the soaring Sensex that is catching the fancy of FIIs — they are also going upbeat on the Indian bond market where their net investment has crossed the 2-billion-dollar mark for the first time.

Even though the debt segment remains small in comparison to the huge FII inflow worth about $59 billion into the equity space, the net inflows so far into the country’s debt instruments has grown to $2.01 billion (Rs 9,305 crore), data available with marker regulator SEBI shows. At the end of 2006, the net FII inflow into the country stood at 1.33 billion dollars (Rs 6,421 crore).