FPIs buying spree continues; invest Rs 9,800 cr in equities this month

Foreign Portfolio Investors (FPIs) have invested close to INR 9,800 crore in the Indian equities market in June so far, bolstered by the country’s strong economic growth and attractive stock valuations. However, analysts have suggested that valuations and stricter regulatory norms could become a concern as the country’s markets continue to surge. Despite this, the outlook for FPI flows in the rest of June is positive, with the Reserve Bank of India signalling it will not be raising interest rates in the short term. Further, FPIs invested INR 592 crore in India’s debt market during the review period.