Centre for Monitoring Indian Economy
Strong FII inflows expected in second fiscal: CMIE Sep 30, 2012 FII inflows are expected to get stronger in the second half of this fiscal at USD 11.2 billion, Centre for Monitoring Indian Economy (CMIE) said in its monthly review. “FII inflows are expected to get stronger in the second half of this fiscal at USD 11.2 billion as large FIIs like JP Morgan, Morgan Stanley and Deutsche Bank have started looking at India as a good long-term investment destination,” CMIE said. The unveiling of a fresh package by the European Central Bank in September 2012 for easing the European debt crisis is also expected to help reduce global risk aversion, it said.“We expect net FII inflows in FY 2013 to be around USD 14.7 billion,” it added. The FDI inflows during the year are also expected to remain healthy at USD 20.8 billion, CMIE noted. CMIE expects the situation to improve going forward.Current account deficit is expected to reduce a bit in the remaining quarters and capita...