Indian Stocks Draw Record Inflows as Foreign Funds Drive Rally
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Indian stocks attracted a record 834.7 billion rupees ($18.5 billion) from foreign funds this year, driving a rally that made the nation’s equities index the best performer among the world’s 10 biggest markets.
Overseas investors purchased 36.7 billion rupees of shares and sold 23.6 billion rupees on Sept. 27, the Securities and Exchange Board of India said yesterday. They bought 4.35 billion rupees of bonds, taking total debt purchases this year to 475.6 billion rupees.