TABLE 4.3

       Net Investment by FIIs : 1992-93 to 1996-97
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 Period         	Amount	        Per cent
	                (US $ Million)	variation1
--------------------------------------------------
1992-93

  Jan.-March		4.3	           - 
 
Total	                4.3

1993-94

  Apr.-June		47.7	           -  
  Jul.-Sept.	       176.2	           -  
  Oct.-Dec.	       599.1	           -  
  Jan.-March	       811.1	           - 
 
Total		      1634.1

 1994-95

  Apr.-June	       706.9	        1382.0
  Jul.-Sept.	       441.0	         150.3
  Oct.-Dec.	       205.8	         -65.6
  Jan.-March	       174.6	         -78.5

Total	              1528.3	          -6.5

 1995-96

  Apr.-June	       244.4	         -65.4
  Jul.-Sept.	       510.0	          15.6
  Oct.-Dec.	       262.4	          27.5
  Jan.-March	      1018.9	         483.6

Total	              2035.6	          33.2

 1996-97

  Apr.-June	      1078.7	         341.4
  Jul.-Sept.	       511.5	           0.3
  Oct.-Dec.	       442.6	          68.7

Total	              2032.8	          99.5
-------------------------------------------------
1  Variation over  the level in the corresponding 
   period of the previous year.
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