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  1. FPI buying in Indian equities crosses $4-bn mark

FPI buying in Indian equities crosses $4-bn mark

With the purchase of shares worth $1.2 billion between July 1 and July 25, Foreign Portfolio Investors (FPIs) have bought stocks worth $4.15 billion in 2016 so far.

By: | Published: July 26, 2016 6:20 AM

With the purchase of shares worth $1.2 billion between July 1 and July 25, Foreign Portfolio Investors (FPIs) have bought stocks worth $4.15 billion in 2016 so far. This is higher than 2015’s tally of $ 3.2 billion, according to data obtained from Bloomberg. March saw the highest inflows with foreign investors buying Indian equities worth $ 4 billion. Foreign investors were net sellers in the first two months of 2016 as they sold Indian equities worth $1.7 billion and $ 1.1 billion in January and February respectively. Among its Asian peers, India stood third after Taiwan and South Korea which received foreign inflows worth $ 10.5 billion and $ 6.2 billion in 2016 so far, respectively.

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