A net outflow of the foreign investment amounting to $ 118 million was recorded from the rupee denominated Government securities market in February, resulting in a cumulative net outflow of $ 99 million during the first two months of 2020.
Foreign investment in the CSE, including primary and secondary market transactions, recorded a net outflow of $ 6 million during February. On a cumulative basis, the CSE recorded a net outflow of $ 22 million in the first two months of 2020, the Central Bank said.
Gross inflows on account of long-term loans to the Government amounted to $ 69 million resulting in a marginal net inflow of $ 0.4 million during February, with both foreign loan disbursements and repayments remaining at similar levels.
Gross official reserves stood at $ 7.9 billion at end February, equivalent to 4.7 months of imports. Total foreign assets, which consist of gross official reserves and foreign assets of the banking sector, amounted to $ 10.9 billion at end-February, equivalent to 6.5 months of imports.
(FT)