Foreign buying in Indian stocks hits 23-month high in August, RBI data shows
· economictimes.indiatimes.com
In August, foreign investors channeled an impressive $3.1 billion into Indian equities, marking the largest monthly inflow in nearly two years. This surge in investment was bolstered by robust domestic earnings and proactive measures from the central bank. However, despite this positive trend, annual outflows are still trending towards a record high, with broader markets seeing an upswing even as major stocks faced declines.
Synopsis
In August, foreign investors channeled an impressive $3.1 billion into Indian equities, marking the largest monthly inflow in nearly two years. This s...