Foreign Portfolio Investors (FPIs) have pumped Rs 153,539 crore in India so far in 2023-24 as Indian equity markets continue to attract FPIs, official data put out by the central government showed on Monday.
Union Finance Minister Nirmala Sitharaman has laid down data on net Foreign Portfolio Investments (FPI) in India during the last three years and the current financial year. In 2020-21, 2021-22, and 2022-23, the net FPI investments were Rs 267,100 crore, Rs (-) 122,241, and Rs (-) 40,936 crore, respectively. Sitharaman’s response in Lok Sabha today was in reply to a query by a member whether there has been an increase in foreign institutional investment in the country.
Meanwhile, foreign portfolio investors (FPIs) have remained net buyers in Indian stock markets for the fifth straight month, according to data from the National Securities Depository (NSDL). The foreign funds making their way into Indian stocks buoyed the broader market as the indices have been touching their respective fresh peaks every now and then.
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