Market

Spurred by Budget, FPIs invest Rs 25,787 cr in Indian equities in Feb

As the Indian equities continued to scale new highs submit the Union Budget for FY22, the web international portfolio investments (FPI) into the Indian equities in February was Rs 25,787 crore.

The complete web FPIs in 2020 now stand at Rs 45,260 crore, as per NSDL information.

Foreign investments have continued to movement in submit the Union Budget which introduced additional liberalisation measures together with privatisation of banks and likewise didn’t give you a brand new tax levy.

So far, in the monetary year 2021-22, web FPIs into equities stood at Rs 2.63 lakh crore, the best ever FPI influx into the nation.

Further, the web international institutional funding (FII) in the course of the month was Rs 42,044.46 crore.

The rising international investments have additionally led to the strengthening of the Indian rupee.

However, the latest bond yield surge each in the US and the home market have prompted a frenzy in among the many traders resulting in bear run in the stock markets.

–IANS

rrb/sdr/

Dear Reader,

Business Standard has at all times strived onerous to supply up-to-date data and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on find out how to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough occasions arising out of Covid-19, we proceed to stay dedicated to preserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nonetheless, have a request.

As we battle the financial influence of the pandemic, we want your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. More subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We consider in free, honest and credible journalism. Your help via extra subscriptions might help us practise the journalism to which we’re dedicated.

Support high quality journalism and subscribe to Business Standard.

Digital Editor

Back to top button