New Delhi. Foreign portfolio investors (FPIs) have invested about Rs 33,700 crore in the Indian stock markets so far this month. The main reason for this is the reduction in interest rates in the US and the strength of the Indian market. Depository data shows that this is the second largest figure of FPI investment in Indian shares in a month so far this year. Earlier in March, FPIs had invested Rs 35,100 crore in the stock market. Market experts said that the buying spree of FPIs is likely to continue in the coming days. According to depository data, foreign portfolio investors invested Rs 33,691 crore in shares till September 20 this month. With this, their investment in shares so far this year has reached Rs 76,572 crore. FPIs have been continuously buying since June. Earlier in April-May, they had withdrawn an amount of Rs 34,252 crore from shares. FPIs are buying amid expectations of interest rate cuts by the US central bank Federal Reserve in September. After the Federal Reserve cut the key interest rate by 0.50 percent on September 18, FPIs have bought more aggressively.
Comments are closed.