FPIs invest Rs 32,365 cr in equities in July on continued policy reforms

Category: Finance

Foreign investors invested Rs 32,365 crore in Indian equities in July, driven by expectations of policy reforms and economic growth, despite a withdrawal of Rs 1,027 crore in early August. The trend in FPI flows has been mixed following a budget announcement on capital gains tax. Analysts predict that US economic developments will influence FPI trends in August, with potential interest rate cuts expected from the US Fed. Additionally, FPIs invested Rs 22,363 crore in the debt market in July, totaling Rs 94,628 crore for the year.

Keywords: Foreign Portfolio Investment, Indian Equities, Economic Growth

Source: The Economic Times

Update At: 8/5/2024

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