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FPIs pour ₹16,621 crore into Indian equities in first half of August
Foreign investors continued their buying spree in Indian equities, investing Rs 16,621 crore in the first fortnight of August, as improving relative valuations, resilient corporate earnings and expectations of softer US interest rates boosted sentiment. The inflow follows a Rs 20,200-crore investment in July, marking a sharp turnaround after four consecutive months of heavy selling by Foreign Portfolio Investors (FPIs). FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,8…
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