₹1 trillion for the second straight month. The gains helped foreign capital find its way back into India after remaining on the sidelines in July.
With demand picking up and the economic environment looking more conducive, foreign portfolio investors (FPIs) bought equities worth $284 million in August.
China firing regulatory shots at its tech giants gives all the more hope that India could corner some of the benefits. This made India the biggest recipient of portfolio equity flows over the last 12 months on the tracker, amounting to $25.3 billion.
Thailand, Malaysia and the Philippines saw outflows of over $2 billion during the period. Foreign fund flows into EMs have been of interest lately under the imminent pressure of a tapering of