Buoyed by PSB recap plan, FPIs infuse $2.6 bn into Indian stocks this month

India gained 30 places in the World Bank's ease of doing business index to 100th among 190 nations this year

Foreign investors have pumped over $2.6 billion in the country's capital markets this month so far, propelled by government's announcement of recapitalising PSU banks and India faring well in the World Bank's 'ease of doing business index'.

This follows a net inflow of over Rs 19,000 crore in capital markets (equity and debt) last month. Prior to that, FPIs had pulled out more than Rs 10,000 crore in September.

According to depositories data, foreign portfolio investors (FPIs) infused Rs 16,455 crore in equities during November 1-24, besides, they put in Rs 754 crore in the debt market during