Rs 46000 crore in August and counting: Why FIIs are net buyers in Indian equities despite continued rate hike by US Fed
Live MintForeign portfolio investors turned net buyers in July for the first time in 2022, after 9 months of continued outflows. Just in 3 weeks of August, the foreign investors have bought way more than in the entire month of July, which saw a net investment of nearly Rs 5,000 crore, as per the NSDL data. 2022 FPI data: NSDL But usually, during the time when US Fed raises rates, foreign investors generally flock towards the developed markets. The bullish commentary by the US Fed, along with some moderation in inflation and a strong growth outlook of India has kept foreign investors invested in Indian equities. So far this year, they have bought shares worth nearly Rs 2.37 lakh crore, helping partly offset the pain from an exodus by Foreign Institutional Investors as the US Federal Reserve started raising interest rates to cool inflation.