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.
Oil Price Today (May 25): Crude oil hits 2-week low as US-Iran peace deal moves closer. Is the worst behind?
Oil prices dipped to two-week lows as U.S.-Iran peace talks showed progress, potentially reopening the vital Strait of Hormuz. Despite optimism, significant hurdles remain, with