Foreign investors have pumped in about USD 6 billion in capital markets so far this month, buoyed by expectations that BJP’s victory in assembly polls is a precursor to more “bold, reformist policies” in India.
The inflows follow a net investment of Rs. 15,862 crore in equity and debt last month. Prior to that, FPIs had pulled out a total of over Rs. 80,000 crore from October to January.
According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs. 22,268 crore in equities during March 1-24 and another Rs. 16,177 crore in the debt segment, translating into a combined inflow of Rs. 38,445 crore (USD 5.84 billion).
