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At $8.1 billion in November, FPI inflows highest in 12 years: Report
MUMBAI : Foreign portfolio investors (FPIs), which own more than 24 per cent of the domestic market, pumped in a record $8.1 billion last month, highest in 12 years, and at USD 5 billion to date, December also looks to get record inflows, says a foreign brokerage report.At USD 8.1 billion, India has received the highest FPI inflows among the emerging market peers in November, as Brazil got only USD 6.2 billion, South Korea (USD 5.2 billion), Taiwan (USD 4.5 billion) and Thailand at USD 1.1 billion.This inflow had the valuation premium of India to other emerging markets in the MSCI Index shooting up by 5 percentage point to 46 per cent and is 5 per cent above the long-term average, says Bank of America Securities in a report on