FPIs invest Rs. 30,385 crore (US$ 3.71 billion) in Indian equities in November so far
- IBEF
- November 21, 2022
On the strength of the stabilisation of the rupee and the robustness of the domestic economy relative to its global rivals, foreign investors have been aggressively purchasing Indian equities in November, investing Rs. 30,385 crore (US$ 3.71 billion) so far this month.
According to Mr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, foreign portfolio investors (FPIs) are unlikely to become particularly active buyers in the future as high valuations in India constitute a barrier.
More FPI money is probably going to go to markets like China, South Korea, and Taiwan because values there are currently very favourable.
The entire amount of FPI equity outflow for the year to date is Rs. 1.4 lakh crore (US$ 17.10 billion).
Inflation in the US increased less than expected, which soothed concerns about a global recession and gave rise to expectations that the US Federal Reserve could hold off on future aggressive rate hikes. This boosted feelings and diverted foreign currency towards India.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
