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FIIs extend buying streak in Indian shares

Expectations that Fed tapering will not start until next year are leading investors to invest in India

Reuters

Foreign institutional investors (FIIs) bought Indian cash shares worth Rs 1,752 crore on Friday, marking their biggest single-day buying in over a month.

FIIs bought the most in a day since September 19, an eleventh consecutive session of purchases, bringing their total to Rs 9,310 crore, regulatory data show.

Analysts say expectations that investors bet the Federal Reserve will not start winding back its cheap money policies until next year are leading global investors to increase their weight in emerging market equities such as India.

 

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First Published: Oct 21 2013 | 9:21 AM IST

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