Since July 1 so far, FPIs have invested close to $ 3.5 billion, the highest among emerging markets excluding China, according to Bloomberg. The crude oil prices and FPI investment share a high negative correlation. Easing crude oil prices tend to increase FPI interest in commodity consumers such as India and away from producing countries.
Market rout: 7 of top-10 valued firms see Rs 1.25 lakh crore erosion
The stock continued to remain the most valued listed company in the country despite the decline.