Foreign investors inject over Rs 3,346 crore into Indian stock markets this week

The positive sentiment in the market was largely influenced by the RBI’s move to slash the repo rate by 50 basis points to 5.5 percent.

NEW DELHI: Foreign portfolio investors (FPIs) infused Rs 3,346.94 crore into the Indian stock markets this week, as investor confidence received a significant boost post the Reserve Bank of India’s (RBI) rate cut. The positive sentiment in the market was mainly driven by the RBI’s decision to cut the repo rate by 50 basis points to 5.5 percent, a move that many interpreted as a clear indication to bolster economic growth and improve market liquidity. In May, foreign investors poured Rs 19,860 crore into the Indian stock market, marking it as the best month of the year for foreign investments so far.

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