FPIs invest ₹6,480 crore in Indian equities this month
Foreign Portfolio Investors (FPIs) are back in the game, putting ₹6,480 crore into Indian equities this October.
This breaks their three-month streak of pulling out money—over ₹76,000 crore left between July and September.
The fresh investment signals renewed confidence in India's economy as global financial conditions get a bit friendlier.
FPI inflow breaks 3-month streak of outflow
India's steady growth and manageable inflation are helping it stand out among emerging markets.
Himanshu Srivastava from Morningstar points out that easier global liquidity and possible pauses in US rate hikes are drawing FPIs to emerging markets like India.
Plus, a moderation in trade tensions between the US and India has helped boost investor mood—even though FPIs have still pulled nearly ₹1.5 lakh crore from India so far this year.
Where things go next will depend on future trade developments and upcoming company results.