- November 13, 2022
- Posted by: Stratford Team
- Category: Economy
Foreign investors have infused close to Rs 19,000 crore in Indian equities so far this month, primarily due to moderating trend in the US inflation and softening of the dollar.
This came following a net outflow of just Rs 8 crore last month and Rs 7,624 crore in September, data with the depositories showed.
Prior to these outflows, Foreign Portfolio Investors (FPIs) were net buyers in August to the tune of Rs 51,200 crore and nearly Rs 5,000 crore in July. Before that, foreign investors were net sellers in Indian equities for nine months in a row which started in October last year.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, believes that FPIs are likely to buy more in the coming days as inflation in the US is showing a moderating trend, and dollar and US bond yields are declining.
Also, India has the best earnings growth outlook among large economies. However, valuations are getting stretched, he…