Foreign buying in Indian stocks hits 23-month high
Foreign investors poured 3.1 billion dollars into Indian equities in August, marking the highest monthly inflow in nearly two years. Strong earnings and central bank support drove the recovery despite annual outflows.
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Foreign portfolio investors poured $3.1B into India equities in August, hitting a 23-month high. The surge follows corporate earnings growth and central bank measures to stabilize the rupee. Foreign buyers reversed months of outflows driven by a flight to Taiwan and South Korea earlier in the year.
