Synopsis
The six-month rolling cumulative inflow of FPIs has turned positive for the first time in a year at ₹34,539 crore ($4.14 billion) at the end of November 2022, data from NSDL show. This six-month rolling cumulative reading was the highest in 14 months as overseas investors invested $10 billion (₹84,799 crore) in the previous five months – the highest among the major emerging markets in the same period.
ET Intelligence Group: A sharp outperformance of Indian equities aided by a world-beating rally is turning foreign portfolio investors (FPIs) to raise bullish bets on Asia’s third-largest economy. Foreign fund flow is helping Indian indices sustain momentum when domestic inflow is moderating.
The six-month rolling cumulative inflow of FPIs has turned positive for the first time in a year at ₹34,539 crore ($4.14 billion) at the end of November
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