Business Standard

Markets see liquidity gush as FPI inflows surpass $20 billion mark

It's the highest-ever in rupee terms; three-fourths of flows have come since November

FPIs, foreign investments
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| Illustration: Binay Sinha

Sundar Sethuraman Thiruvananthapuram
The domestic equity markets have seen an unprecedented liquidity gush, underpinned by the weakening of the dollar and aggressive monetary and fiscal stimulus undertaken by global authorities.
 
Investments by foreign portfolio investors (FPIs) have topped the $20 billion mark — the most since 2012 in dollar terms.

Previously, India has had only two years — 2010 and 2012 — when foreign inflows have been greater than $20 billion.

In local currency terms, at Rs 1.5 trillion, overseas investment into equities has surpassed the previous high of Rs 1.33 trillion in 2010.
 
Interestingly, over $14 billion has flown into domestic

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