Team Blitz India
NEW DELHI: Foreign Portfolio Investors (FPIs) continued to inject fresh capital into Indian markets, pumping in Rs 16,559 crore in sovereign debt securities in the first fortnight this month even while remaining net sellers on the equity front to the tune of Rs 3,776 crore, official data showed, according to a report in the Hindu Business line.
A better than expected fiscal consolidation announced in the latest interim budget on February 1 came in as an icing on the cake to an already bullish tone adopted by the FPIs in the wake of India’s upcoming bond addition in global bond indices from June this year.
Taken together with their net debt inflows of Rs 19,837 crore in January 2024, FPIs net investments in Indian debt market so far this year stood at Rs 36,396 crore, data with depositories showed. However, the FPIs aggregate net selling on equities so far this year stood at Rs 29,520 crore.
