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Foreign portfolio

investments on

Indian bouses fall

BOMBAY: Foreign portfolio investments on Indian bourses fell sharply in March, the last month of the fiscal year, the market regulator said in a statement Friday.

The Securities and Exchange Board of India's monthly report sai d investments by foreign institutional investors (FIIs) fell 29 percent month-on-month to $307.20 million in March.

The markets regulator said foreign institutional investments for the year to March 31 were worth $2.03 billion.

"This is the highest level of yearly cumulative net investment by FIIs since they began investing in Indian securities markets," the report said.

The board said FIIs had invested $5.19 billion on Indian bourses since New Delhi opened up the markets four years ago in line with its sweeping economic reforms.-AFP