In January, FPIs injected a notable ₹19,800 crore into Indian bonds, marking the highest monthly inflow in six years, surpassing the inflows of ₹18,302 crore observed in December 2023. This positive momentum extended the ten-month streak of inflows in the debt market since April 2023, with the last recorded net outflow occurring in March 2023, amounting to ₹2,505 crore.
Also Read: After a strong 2023, FPIs turn net sellers in January 2024; will this trend continue?
Conversely, FPIs exhibited a divergent trend in the equity market, withdrawing ₹25,744 crore from Indian stocks in January. Before January, FPIs were net sellers in October 2023, divesting Indian equities worth ₹24,548 crore. However, in the subsequent months of November and December 2023, they shifted their stance, acquiring equities worth ₹9,001 crore and ₹66,135 crore, respectively.
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