FPIs invest Rs 32,365 Cr in equities in July on continued policy reforms

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There has been a mixed trend with respect to FPI flows following the budget announcement on increase in capital gains tax on equity investments.

Additionally, upward revisions in India's GDP forecast by IMF and ADB, and a slowdown in China, also works in India's favour, he added.

Currently, there is strong commentary getting built for maybe a 50 basis points rate cut in interest rates," Vaibhav Porwal, Co-founder of Dezerv, said.

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Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: IndiaChinaMauritius

Topics: July Privacy Equities Policy Data India Crore Fpis Investment Trend Sustained

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Article Type: News Report

Published On: 2024-08-04 @ 07:54:10 (12 hours ago)

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Language: English

Article Length: 345 words

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