Foreign Portfolio Investors (FPIs) invested ₹54,727 crore in India's equity and debt markets in July.
Foreign Portfolio Investors (FPIs) invested ₹54,727 crore in India's equity and debt markets in July, driven by a strong economic growth outlook of 6.5-7% for FY 2024-25. Experts attribute the inflow to India's improved economic performance, lower risk-free rates in the US, and the Indian government's potential credit rating upgrade. A stable political environment, ongoing economic reforms, and appealing market valuations also contributed to the resurgence. However, FPIs have been net sellers since the Indian budget, pulling out ₹20,919 crore since July 23, with net selling of equities at ₹1,027 crore in August's first two trading days.
August 03, 2024
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