After a 15-month high Foreign Portfolio Investments (FPI) in the month of June 2020, it nosedived in July. With only one day remaining in the month, India received FPI of Rs 3,292 crore in July so far, falling sharply from a net FPI inflow of Rs 26,009 crore in the last month, according to the National Securities and Depository Limited (NSDL). While the equity investments in July was less than one-third of the investments in June, investors remained net-seller in the debt and hybrid forms of investments. Last month, Fitch Ratings revised outlook on India’s long-term foreign-currency to ‘negative’ from ‘stable’, and affirmed issuer default rating (IDR) at BBB-, which is the lowest investment grade.
Amfi stock classification: Multibaggers BHEL, NHPC, 5 more stocks to likely turn largecaps
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