After 2 straight months of inflows, foreign portfolio investors (FPIs) turned sellers in April. FPIs sold Indian equities worth ₹8,671 crore during the month on the back of a rise in US bond yields and higher crude oil prices.
It is widely anticipated that the RBI MPC will maintain the repo rate at the current level of 6.5 percent. This would mark the sixth consecutive time when the rate remains unchanged.
India Business News: Foreign portfolio investor (FPI) inflows in Indian equities were at a four-month low of INR 122.62 billion ($1.48 billion) in August, with FPIs turnin