After months of selling FPIs (Foreign Portfolio Investors), they are back in July and have invested Rs 24,662 crore. This is due to high demand in semiconductors and a steady rupee. Due to the West Asia conflicts, the foreign investors have withdrawn their money. RBI removed tax frictions and eased sovereign bonds that led to equity investments worth $1.6 billion.
Foreign investors have sold their Indian shares worth $1.5 billion in June. But, in July, Rs 15,157 crore investment is being made by foreign investors. There are major chunks of inflows entering financial services, says Suresh Ganapathy. Taiwan and Korea are being volatile; it is expected that India would be led by inflows into financials, said the chief investment strategist at Geojit Investments, VK Vijaykumar, which will stabilize the Indian rupee.
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