FPIs: FPIs invest Rs 2.74 lakh crore in equity markets during FY'21
NEW DELHI: The Finance Ministry on Tuesday said India witnessed strong Foreign Portfolio Investment (FPI) inflows into the equity markets to the tune of Rs 2,74,034 crore during 2020-21, despite the outbreak of COVID-19. This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, the Ministry said in a statement. During the financial year 2020-21, only in April and September there were outflows of Rs 6,884 crore and Rs 7,783 crore respectively. "The robust FPI flows came on the back of faster than expected economic recovery supported by multiple tran...