In August, Foreign Portfolio Investors (FPIs) were net buyers of Indian equities at Rs 7,320 crore, increasing their 2024 total to Rs 42,886 crore. FPIs’ recent activity shows a fluctuating trend, with notable purchases in July and February-March, and sales in April-May and January.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction