FPI inflows hit 20-month high of Rs. 51,200 crore (US$ 6.41 billion) in August as oil stabilises
Foreign investors poured over Rs. 51,200 crore (US$ 6.41 billion) into Indian equities markets in August, the largest inflow in 20 months, as risk sentiment improved and oil prices stabilised. This follows a net investment of about Rs. 5,000 crore (US$ 626.25 million) by foreign portfolio investors (FPIs) in July, according to statistics from depositories.
According to Mr. Manish Jeloka, Co-head of Products and Solutions at Sanctum Wealth, India would continue to draw FPI flows this month, albeit at a slower pace than in August, due to sustained rate hikes by the US Federal Reserve as well as quantitative tightening. According to depositories' data, the investment of Rs. 51,200 crore (US$ 6.41 billion) in August was the largest investment by foreign investors since December 2020, when they invested a total of Rs. 62,016 crore (US$ 7.76 billion) in shares.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.