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Foreign portfolio investors (FPIs) continue to bet big on ‘India story’ with their net investment in Indian equities already hitting $31.7 billion mark thus far in financial year 2020-21 (FY21) – the highest investment in a financial year since fiscal 2012-13 (FY13) when they had invested a net $25.8 billion (Rs 1.40 trillion) in Indian equities, data show.
After remaining on the sidelines during the last week, FPIs have pumped in over $1 billion (Rs 8,030 crore) in equities in past two days alone, after Finance Minister Nirmala Sitharaman presented Budget proposals for FY22. On Tuesday, February 2, they put
