| Follow us on:
|
![File photo of Indian brokers celebrating outside the Bombay Stock Exchange in Mumbai, India [Getty Images]](http://thebricspost.com/wp-content/uploads/2014/02/indi.jpg)
File photo of Indian brokers celebrating outside the Bombay Stock Exchange in Mumbai, India [Getty Images]
The new figures show India has held its own amid concerns about the US Federal Reserve’s stimulus cuts, a slowdown in China and volatility in developing markets.
India witnessed outflows of just $329 million in 2014 as of February 11, data compiled by Bloomberg show.
Meanwhile global investors sold local shares in other emerging economies extending this year’s outflows in Taiwan to $2.4 billion, in South Korea to $1.2 billion, and in Thailand to $493 million.
Foreign investors pulled a total of $9.6 billion out of Japanese equities last month, according to the data.
The Federal Reserve on Tuesday admitted in a report to the US Congress that the volatility in emerging markets could have been created by the Fed itself.
In its report on Tuesday it admitted that “stresses that arose in the middle of last year appeared to be triggered to a significant degree by Federal Reserve communications.”
India’s Central Bank Governor Raghuram Rajan had last month hit out at developed nations for their uncoordinated global policy that has adversely hit emerging economies.
Rajan said global monetary cooperation “has broken down” hitting out at the US Federal Reserve’s decision to withdraw its monetary stimulus program, an exit many emerging nations have branded as ‘unsynchronized’.
The US Federal Reserve announced a $10bn reduction in its monthly bond purchases from $75bn to $65bn in the second straight month of tapering its stimulus program.
TBP
