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After a strong 2023, FPIs turn net sellers in January 2024; will this trend continue?

After strong inflows in 2023, foreign portfolio investors (FPIs) turned net sellers in the first month of 2024, January. FPIs sold Indian equities worth ₹25,744 crore during the month on the back of a rise in US bond yields. Will the selling continue?
Nirmala Sitharaman Sheersham Gupta Apurva Sheth Geojit Financial Services Chief Investment Strategist Geojit Financial

Jahangir Aziz on Budget 2024, fiscal deficit & lack of FPI flows

Jahangir Aziz, Head, Emerging Market Economics at JP Morgan, praises the Indian governments budget consolidation efforts, with the fiscal deficit lower than expected at 5.1%. He emphasizes the need for fiscal consolidation to stabilize Indias debt. Aziz believes that the RBI will wait for the Fed to cut rates before doing so itself, as interest rate differentials with the US are currently low. He anticipates that once interest rate differentials narrow, there will be significant portfolio flows ...
Jp Morgan Jahangir Aziz Emerging Market Economics North Block Might Also Like Fiscal Deficit

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