Dollar rush: FPIs smitten by Indian stocks

By: |
November 27, 2020 8:17 AM

Investments by foreign portfolio investors (FPIs) in Indian equities could cross $15 billion in 2020 with the buying already at $14.64 billion, thanks to November’s $8 billion.

Money is flowing into quality companies with sound fundamentals uniformly, Jain added.In the month of November, global investment banks such as Morgan Stanley and Goldman Sachs too upped their targets for Indian equities and turned bullish.

Investments by foreign portfolio investors (FPIs) in Indian equities could cross $15 billion in 2020 with the buying already at $14.64 billion, thanks to November’s $8 billion.

The abundant liquidity unlocked by central banks globally has been finding its way into several emerging markets and India seems to be getting more than its fair share; 2020 flows have surpassed 2019’s $14.23 billion.

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