Due to anticipated increases in consumer spending over the holiday season and stronger economic fundamentals than in other developing countries, foreign investors have invested about Rs5,600 crore in domestic equities markets so far this month.
This follows astonishing net investments of Rs51,200 crore in August and around Rs5,000 crore in July, according to depositories’ statistics. Since July, when foreign investors resumed buying in India after nine consecutive months of significant net outflows that began in October of last year, there has been a clear trend reversal in FPI (Foreign Portfolio Investment) flows.
They sold a staggering Rs2.46 lakh crore in the Indian equities markets between October 2021 and June 2022. The Federal Open Market Committee (FOMC) meeting results, which are due on September 21 and are expected to result in a 75 basis point hike in interest rates, will be closely watched by foreign investors.
Inflation in the US decreased from a 40-year high in June to 8.5 % in July as a result of decreasing gas costs. Due to the decline in food prices, retail inflation in India, which is measured using the consumer price index, slightly decreased to 6.71 % in July from the 7.01 % reported in June. In addition to India, other developing nations such as South Korea, Taiwan, Indonesia, Thailand, and the Philippines also saw inflows during the time period under consideration.
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