Overseas funds bought a net US$3.01 billion of local shares this year through Jan 23, data from the market regulator show, surpassing the previous January record of US$2.18 billion set last year. Inflows surged to US$24.5 billion in 2012, the highest among 10 Asian markets tracked by Bloomberg, helping the benchmark BSE India Sensitive Index, or Sensex, to post its biggest annual jump in three years.
Stocks gained even as economic growth waned, inflation accelerated to the fastest pace among the so-called BRIC nations and the current-account deficit widened to a record.
The government has taken steps to attract more inflows since September by relaxing rules on foreign investment, lowering taxes on overseas borrowing, cutting fuel subsidies and raising import taxes on gold
http://www.businesstimes.com.sg/premium/india/india-records-biggest-january-foreign-inflow-stocks-20130129