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FPIs Bet Big On Indian Economy: After Investing Record Rs 62,951 Crore In Nov, FPIs Pump In Additional Rs 16,520
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In a positive development for the Indian Economy, the foreign investors are betting big on it. The foreign investors have pumped into a handsome sum of Rs 17,818 crore into Indian markets in just the first four trading sessions of the ongoing month of December, reports Economic Times.
The Rs 17,818 crore investment into India between 1-4 December includes Rs 1,298 crore investment into debt markets and Rs 16,520 crore investment into the equities driven by foreign portfolio investors (FPIs).
This gains significance as it comes at the backdrop of FPIs investing a whopping sum of Rs 62,951 crore into Indian equity markets in November, which was the highest-ever inflow of funds recorded ever in a single month.
The development comes as FPIs have been showing "unprecedented interest" in India and emerging markets which continue to offer better valuations compared to the developed world.
It should also be noted that the growing investor interest towards India comes amidst better than expected economic recovery and positive sentiments about vaccine development against COVID-19, both in India and the rest of the world.
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