FPIs Bet Big On Indian Economy: After Investing Record Rs 62,951 Crore In Nov, FPIs Pump In Additional Rs 60,094 Crore In Dec So Far

Betting big on the Indian Economy, the foreign portfolio investors (FPIs) have pumped into a handsome sum of Rs 60,094 crore into Indian markets in so far in the ongoing month of December, reports Livemint.

The Rs 60,094 crore investment into India between so far between 1-24 December includes Rs 3,451 crore investment into debt markets and Rs 56,643 crore investment into the equities segment.

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 FPI investments have shown a preference towards sectors like information technology (IT), pharma, chemical and FMCG et cetera.

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.