Economy Watch
The record inflows have come on the back of high domestic growth and an impressive performance by India Inc. On the flip side, it has strengthened the rupee against the greenback (it is currently trading at Rs 39.55 per dollar).
FII INFLOWS IN 2007
STATUS: $17 billion till October 24.
IMPACT: The record inflows have come on the back of high domestic growth and an impressive performance by India Inc. On the flip side, it has strengthened the rupee against the greenback (it is currently trading at Rs 39.55 per dollar).
SENSEX VS THE REST
STATUS: BSE Sensex has gained 46 per cent in 2007.
IMPACT: The rise is both a magnet for, and a consequence of, record foreign fund inflows into the Indian stock market. No wonder, more and more promoters of India Inc. are joining the list of dollar billionaires. But hold your horses, the Shanghai Composite Index zoomed nearly 220 per cent during this period.
(Compiled by Mahesh Nayak)
