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Foreign investors pump in net 840 million dollars in Indian equity markets

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New Delhi- Investors from foreign countries turned net buyers in July and pumped in a net 840 million dollars in the Indian equity markets during the month.Foreign portfolio net inflows Investors in the debt market was 4 crore rupees in July.According to the latest data from depositories, total net inflow in both equities and debt was 5,323 crore rupees, or 842 million dollars.FPIs had pulled out a net sum of 3,344 crores from the stock markets in June, and 5,768 crores in May.

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Moody expects Reserve Bank of India to cut rate to boost growth of India

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Global economic analyst Moody's  expressed hope that the Reserve Bank of India would reduce it by 0.25 percent to push growth in the country.Reserve Bank which has already cut interest rates by 0.75 percent so far this year, will announce its third bi-monthly policy review on 4th August. Moody's said "We believe the RBI will cut interest rates again this year. There could be two more 25-basis point rate cuts in 2015... Accommodative monetary policy will lift GDP to 7.6 per cent in 2015, increasing to 8 per cent in 2016.

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