FPIs invest ₹49,250 crore in August on strong corporate earnings
Updated: 28 Aug 2022, 11:40 AM IST
TL;DR.FPIs had turned net buyers for the first time in July, after nine straight months of massive net outflows, which started in October last year. Between October 2021 and June 2022, they sold a massive ₹2.46 lakh crore in the India equity markets.
While the focus remains on the US dollar, it is worth pointing out that against other major currencies, including the euro, yen, and sterling, the rupee has strengthened, not weakened, this year (Shutterstock)