Foreign portfolio investors were net buyers in June to the tune of Rs.13,667 crore with inflows of Rs.15,312 crore into equities and outflow of a nominal Rs.1,645 crore from debt after the Fed turned hawkish on rates. Fed has hinted at 2 rate hikes by 2023. June has seen a turnaround in FPI sentiments after they had pulled out Rs.2,666 crore in May-21 and Rs.9,435 crore in Apr-21 in the aftermath of COVID 2.0.
Foreign portfolio investors were net buyers in June to the tune of Rs.13,667 crore with inflows of Rs.15,312 crore into equities and outflow of a nominal Rs.1,645 crore from debt after the Fed turned hawkish on rates. Fed has hinted at 2 rate hikes by 2023. June has seen a turnaround in FPI sentiments after they had pulled out Rs.2,666 crore in May-21 and Rs.9,435 crore in Apr-21 in the aftermath of COVID 2.0.