FPIs Pour $1 b into Cap­i­tal Mar­kets in April

The Economic Times - - Smart -

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).

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