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Record 6-year high in FPI fund inflow
Mint Mumbai
|February 05, 2024
Foreign Portfolio Investors (FPIs) have injected over ₹19,800 crore in the country's debt market in January, making it the highest monthly inflow in more than six years, on the back of inclusion of Indian government bonds in the JP Morgan Index.
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On the other hand, they pulled out Indian equities worth ₹25,743 crore last month owing to surging bond yield in the US.
According to the data with the depositories, FPIs made a net investment of ₹19,836 crore in the debt markets in January. This was the highest inflow since June 2017, when they infused ₹25,685 crore.
Before this, FPIs injected ₹18,302 crore in the debt market in December, ₹14,860 crore in November, and 16,381 crore in October.
This story is from the February 05, 2024 edition of Mint Mumbai.
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