FIIs Sell In August As Well, now -7,700 cr.

Date August 22, 2013

FIIs continue to be sellers in August, though in smaller quantities (till now). A quick chart:

Net Monthly FII Investment

(Source: SEBI)

This is data till Wednesday. Thursday data will come in later today but it looks like they sold over 1,000 cr. of equities (cash) yesterday.

In August, they’ve sold about 7,000 cr. in total, nearly 80% of it in debt alone.

FII Trades in August 2013

The dollar, though has declined substantially, touching 65.

I have always maintained that we have such a weak current account, that it doesn’t need large sales by FIIs to break the rupee. All we need is for the investment inflows to …

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