A net outflow of the foreign investment amounting to US $ 118 million was recorded from the rupee denominated government securities market in February 2020, resulting in a cumulative net outflow of US $ 99 million during the first two months of 2020, the Central Bank said. Foreign investment in the CSE, including primary and secondary market transactions, recorded a net outflow of US dollars 6 million during February 2020. On a cumulative basis, the CSE recorded a net outflow of US $ 22 million in the first two months of 2020. Gross inflows on account of long term loans to the government amounted to US dollars 69 million resulting in a marginal net inflow of US dollars 0.4 million during February 2020, 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.
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