The new rules will come into effect from June 14, said the Central bank in an official statement
The inflow comes following a net withdrawal of Rs 2,954 crore in May and Rs 9,659 crore in April, data with depositories showed
Sebi regulations at present do not allow cashless transfers of securities between FPIs with different permanent account numbers
Foreign portfolio investors pulled out Rs 6,452 crore so far in May from Indian markets amid tumbling investor sentiment due to the second wave of the COVID-19 pandemic.
Foreign investors have pulled out Rs 5,936 crore from the Indian equities in the first week of May amid worries over the intense second wave of coronavirus infection and its fallout on the economy
It remains to be seen how much of their selling is profit-booking or cutting India's weight
Cite legal hurdles and challenges in implementing the circular in its present form
The two sectors which continue to see highest net inflow consecutively for the two months are - FMCG and Realty, a report by Edelweiss Securities said
This was the first net withdrawal since September 2020, when they had pulled out a net of Rs 7,782 crore from equities
This comes amid a surge in Covid-19 cases and the consequent restrictions imposed by various states dent investors' sentiment
Experts say there could be further outflows from the bond market if US bond yields head towards the 2-per-cent mark.
Previously, FPIs invested Rs 17,304 crore in March, Rs 23,663 crore in February and Rs 14,649 crore in January
Custodians want FPIs to provide ODI and DR details directly to depository instead of routing it through them
The reversal of buying trend came after FPIs invested Rs 17,304 crore in March, Rs 23,663 crore in February and Rs 14,649 crore in January
On Thursday, March 26, Goldman Sachs India Fund Limited (1.67 million) and Plutus Wealth Management LLP (1.5 million) purchased a combined 3.17 million equity shares of Laxmi Organic Industries.
Prior to this, overseas investors had invested Rs 23,663 crore in Indian markets in February and Rs 14,649 crore in January, on a net basis
The Income Tax department on Wednesday said that concessional rate of tax of 5 per cent shall continue for certain interest income of foreign portfolio investors.
Sector now has 34.8% of FPI assets, up from 33.8% in Jan; flows drove banking index to all-time high
FPIs from the region will face stricter KYC, may have to furnish updated ultimate beneficial ownership info for all investors holding over 10% in the fund as opposed to 25% now
The MSCI India's valuation premium to EM is now at 40 per cent, 3 per cent above the long-term average, according to BofA Securities