Foreign Portfolio Investors' net inflow at Rs 2,300-cr in July
India TV NewsForeign investors poured in over Rs 2,300 crore in the Indian capital markets in July, after pulling out funds for three months in a row, largely due to expectations of a lower trade deficit following a correction in crude oil prices. The latest inflow comes after such investors had taken out more than Rs 61,000 crore from the capital markets during April-June. According to the latest depository data, foreign portfolio investors pumped in a net sum of Rs 2,264 crore in equities in July and Rs 48 crore in the debt market, taking the total net investments to Rs 2,312 crore. "The inflows were more in line with what has been happening around in the world but can't attribute anything specific except that correction in crude prices could actually lead to lower trade deficit and the pressure on the currency," said R Sreesankar, head of institutional equities at Prabhudas Lilladher.