In reversal of a two-month selling trend, foreign portfolio investors (FPIs) in June turned out to be net buyers by investing a net ₹13,269 crore in Indian markets. According to depositories data, FPIs invested ₹17,215 crore in equities between June 1 and June 30. Prior to this, overseas investors had pulled out ₹2,666 crore in May and ₹9,435 crore in April. Among emerging markets, India witnessed the highest FPI inflows of USD 1,498 million, followed by Indonesia (USD 342 million). On the other hand, Taiwan witnessed the highest FPI outflows of USD 1,814 million, South Korea USD 792 million and Phillipines USD 79 million, he added.

Source: Mint July 04, 2021 08:26 UTC