Foreign investments reach INR 51,200 crore in August FY23

This has been the highest inflow value since December 2020

September 5, 2022

Foreign Portfolio Investors (FPIs) have transferred INR 5000 crore in July

FPIs are buying stocks of financials, capital goods, FMCG and telecom companies

India will continue attracting FPI inflows in September FY23, but at a slower pace

Foreign investments reached reached INR 62,016 crore in December 2020

India FDI Boost Through Conducive Government Policies

Overseas investments in India have reached INR 51,200 crore in August FY23, due to an improvement of risk sentiment as well as oil prices, according to media reports. This has been the highest inflow value since December 2020 when the inflows reached INR 62,016 crore in equities.

According to the report, Foreign Portfolio Investors (FPIs) have transferred INR 5000 crore in July. They have started purchasing equities for the first time in the last nine months, during July this year, having withdrawn INR 2.46 trillion between October 2021 and June 2022. FPIs are buying stocks of financials, capital goods, FMCG and telecom companies

Experts said that India will continue attracting FPI inflows in September FY23, but at a slower pace compared to the previous month due to quantitative tightening, and consistent rate hikes by the US Federal Reserve. 

Furthermore, the rise in recent foreign investments in the country was greatly facilitated by a rebound in currency markets, and stabilization of commodity prices especially steel and aluminum.

Source: Livemint

Recent Articles

India set to become a US$ 5 trillion economy: Finance Minister

February 2, 2023

India’s Finance Minister Nirmala Sitharaman said that India is all …

Read More

India’s E2W sales to reach 22 mn by 2030: Report

February 2, 2023

India’s electric 2-wheeler (E2W)  sales are expected to reach 22 …

Read More

Indian economy to become US$ 5 trillion by 2026: CEA

February 1, 2023

India is expected to become a US$ 5 trillion economy …

Read More