Key Points
June was a strong month for foreign portfolio investors (FPIs) in India, with a total inflow of Rs 47,148 crore..
The sustained FPI flows can be attributed to improving macroeconomic conditions and a reversal in FPI strategy..
The major reason for the sustained FPI flows into India is the reversal in FPI strategy," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said...
The FPI strategy was 'Sell India, Buy China'," Vijayakumar said.. "FPI investment in India in January and February combined was negative Rs 34146 crores..
FPIs have invested Rs 47,148 crores in June on top of the Rs 43,838 crores in May," he said.. Vijayakumar further suggested, "FPI money is chasing performance and prospects..
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