FPIs Pour $1 b into Capital Markets in April
Continuing with their bullish stance on India for the second month, overseas investors have pumped in over $1 billion into the capital markets in April so far, buoyed by the recent rate cut by the Reserve Bank and hopes of a good monsoon. It follows a staggering inflow of ₹ 19,967 crore in the capital markets — equities and debt — last month. FPIs turned net buyers of equities in March after pulling out a massive ₹ 41,661 crore from the market in the previous four months (November to February). According to data available with depositories, foreign portfolio investors (FPIs) invested ₹ 4,020 crore in equities this month till April 13 while it stood at ₹ 4,548 crore for the debt market, leading to a total inflow of ₹ 8,568 crore ($1.3 billion).