FII Inflows Near To $15 B In Fourth Quarter

Chennai: According to revised US estimates the sub-prime mortgage crisis was accompanied by a fall in capital outflows or re-exports from $ 465 billion in April/June 2007 to $ 174 billion in July/September 2007. Provisional data for October/December 2007 show a further drop in capital flows from the US, to $ 116 billion. Data released by the Reserve Bank of India on March 31 show that the October/December quarter saw a further increase in FII inflows into India. Net flows increased from $ 7.4 billion in April/June to $ 10.9 billion in July/September and then to an all time high of $ 14.7 billion in October/December. Factor in the precipitous fall in the Sensex in January 2008, and you have all the makings of a good thriller; a roller-coaster ride which keeps investors rapidly turning page after page to see what comes next.