Foreign Portfolio Investors (FPIs) have offloaded Indian equities worth 53,022 crore rupees so far in June. However, selling pressure has moderated noticeably in the second half of this month, led by selective buying by FPIs. They have remained net buyers during all four sessions last week. Rupee stability has supported renewed foreign investor interest over the past two weeks.
Meanwhile, a series of measures announced by the government and the Reserve Bank of India earlier this month to attract stable long-term foreign capital, deepen the government securities market, and strengthen country’s debt market has led to a record inflow into the Indian debt market in June. As per the depository data, Debt General Limit registered inflow of 24,518 crore rupees so far in June. The debt categories of Fully Accessible Route registered inflow of 20,958 crore rupees and Voluntary Retention Route of 3,518 crore rupees.
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