FPIs have invested Rs 13,424 crore so far in June

BusinessFPIs have invested Rs 13,424 crore so far in June

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FPIs have invested Rs 13,424 crore so far in June

Foreign portfolio investors (FPIs) have infused a net Rs 13,424 crore into the Indian markets so far in June. Foreign investors’ confidence in the Indian markets has increased due to the hope of an early opening of the economy amid a reduction in cases of Kovid-19 infection. According to depository data, FPIs invested Rs 15,520 crore in equities from June 1 to 11.

Himanshu Srivastava, Associate Director-Manager Research, Morningstar India, said that the economy is expected to open soon amid decreasing cases of corona virus due to the net inflow of foreign investors into stocks during the last two weeks.

In June, FPIs have withdrawn Rs 2,096 crore from the debt or bond market. In this way his net investment has been Rs 13,424 crore.

Earlier in May, FPIs had withdrawn Rs 2,666 crore from Indian markets and Rs 9,435 crore in April.

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