Foreign Portfolio Investors Continue Bullishness On India; Pumps Rs 23,663 Crore In February

Betting big on the prospects of the Indian economy, the foreign investors have pumped in Rs 23,663 crore into Indian markets in the just culminated month of February, reports Economic Times.

In total, the foreign portfolio investors (FPIs) pulled out a net sum of Rs 2,124 crore from the bond markets, while investing Rs 25,787 crore in the equity markets taking the net value to Rs 23,663 crore.

It should be noted that February marks the second consecutive months of net FPI inflows into Indian markets for the new calendar year.

In January the FPIs were net buyers with net investment of Rs 14,649 crore in Indian equity and bond markets. The momentum gained further strength following the announcement of third-quarter earnings by India Inc and the presentation of the Union Budget 2021-22 announced by Finance Minister Nirmala Sitharaman.

The development comes at a time when India continues to report signs of improvement in the macroeconomic environment, with the economy quickly regaining strength.