Foreign Portfolio Investors (FPIs) have remained net buyers of Indian equities worth 708 crore rupees during the first three trading sessions of July. The positive momentum seen last week stands in contrast to the broader trend observed throughout June. Last month, FPIs were net sellers in equities to the tune of 49 thousand 340 crore rupees.
Conversely, debt markets saw substantial net buying, with FPIs investing 30 thousand 620 crore rupees under the General Limit, 21 thousand 652 crore rupees under the Fully Accessible Route, and 3 thousand 246 crore rupees under the Voluntary Retention Route. The inflows were supported by a series of measures announced by the government and the Reserve Bank of India to attract stable long-term foreign capital, deepen the government securities market, and strengthen country’s debt market. Overall, June closed with a net FPI inflow of around 4 thousand 669 crore across all segments, following three months of consecutive outflows.
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