Money Magnet: After Nov's Record Inflows, India Sees Rs 54,980 Crore Net Inflow In December

Money Magnet: After Nov's Record Inflows, India Sees Rs 54,980 Crore Net Inflow In December India should support Trump in his efforts to keep the dollar cheaper

In a positive development for the Indian economy, the foreign investors are betting big on it as the net inflows into the Indian equities by foreign investors continue to zoom, reports Economic Times.

So far in the ongoing December, between 1-18 December, foreign portfolio investors (FPIs) have pumped in a net sum of whopping Rs 54,980 crore into Indian markets. The investments could soar further with over a third of December still to unravel.

Of the aforementioned sum, Rs 48,858 crore have been invested into Indian equities, while Rs 6,122 crore have been invested in the Indian debt segment.

This gains further 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.

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.