USA, whose balance under Special Convertible Rupee Accounts (SCRAs), a non-residents portfolio investment financial arrangement, rose to $113.1 million on October 31, further rose to $133.3 million on November 3, showing an increase of $20.1 million in the first three days of November, including $4 million pouring in on November 3 alone.
Balances held by Singapore showed only nominal improvement over its position on October 31 as its balance stood at $111.8 million on November 3 compared with $111.3 million on October 31.
UK also improved its balance under the SCRAs, reaching to $107.2 million on November 3 compared with $104.6 million on October 31, an increase of $2.6 million during November so far.
The other major player, Hong Kong, went disinvesting $0.5 million during November so far, though it still enjoyed positive inflows amounting to $14.6 million as on November 3 compared with $15.2 million on October 31.
Switzerland, whose disinvestments had been by far the largest since the beginning the new financial year, disinvested another $1.2 million during the first three days of November with its account showing a debit balance of $29 million compared with a debit balance of $27.8 million on October 31.
Disinvestments by Luxembourg and Qatar also increased marginally and stood at minus $0.1 million and minus $0.02 million, respectively.
As a result of all these changes in the balances of aforementioned countries, overall balances of all players under SCRAs increased from $312.6 million on October 31 to $334 million on November 3, an increase of $21.4 million in just three days of the current month. (Report by research.dept@aaj.tv)