FPIs invest Rs 15,352 cr in Indian equities during first two weeks of July

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FPIs invest Rs 15,352 cr in Indian equities during first two weeks of July - Business Standard

Quick Summary:

Foreign investors infused Rs 15,352 crore into Indian equities during the first half of this month, driven by the government's commitment to ongoing reforms, low US Federal rates, and strong domestic demand.

The upcoming Union Budget will be one of the most watched events by foreign investors to understand the government's plans for economic growth, Himanshu Srivastava, Associate Director - Manager Research at Morningstar Investment Research India, said.

According to the data with the depositories, foreign portfolio investors (FPIs) have made a net inflow of Rs 15,352 crore in equities this month (till July 12).