Foreign portfolio investors turn net buyers in India, add $2.59 billion in first 10 days of July as equities lead inflows
AI Market Summary
Foreign portfolio investors reversed earlier heavy selling, buying $2.59B of Indian assets in early July, with equities taking 61% of inflows and financials cited as a key destination. A steadier rupee, improving domestic fundamentals, and relatively higher volatility in Korea/Taiwan appear to be redirecting regional allocations toward India. The renewed foreign bid is a near-term liquidity tailwind for Indian equities and index-linked exposure.
Impact level
● Medium
AI InsightAI Insight
▲ Bullish
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Foreign portfolio investors (FPIs) were net buyers of $2.59 billion in the first 10 trading days of July, reversing the $24 billion of net outflows seen from March to May. Equity inflows totaled $1.6 billion, accounting for more than 61% of the overall inflow, with financials drawing the bulk of allocations. Analysts cited a steady rupee, heightened volatility in Korea and Taiwan, and improving Indian economic fundamentals as key drivers. The renewed foreign buying has provided a meaningful liquidity boost to Indian equities, particularly domestic indices and financial assets.
