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FPI inflows hit 20-month high of Rs 51,200 cr in Aug as oil stabilises
Foreign investors have pumped in a little over Rs 51,200 crore into the Indian equity markets in August, making it the highest inflow in 20 months, amid improving risk sentiment and stabilisation in oil prices.
This comes following a net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in July, data with depositories showed.
FPIs had turned buyers for the first time in July after nine straight months of massive net outflows, which started in October last year. Between October 2021 till June 2022, they withdrew Rs 2.46 lakh crore from the Indian equity markets.
India will continue to attract FPI flows this month too, although at a slower pace as compared to August, given continued rate hikes by the US Federal Reserve along with quantitative tightening, said Manish Jeloka, Co-head of Products and Solutions, Sanctum Wealth.
Arpit Jain, Joint Managing Director at Arihant Capital Markets, said inflation, dollar prices and interest rate will dictate FPI ...