Net investments by FPIs reached a five-quarter high, with a net inflow of over $11 billion as of September 26 in the July-September quarter (Q3) of calendar year (CY) 2024
Foreign investors pump in Rs 51,000 cr; near-term flows to hinge on rupee, bond movements
Between 2011-12 and FY22, the market value of FPI holdings had increased at an annualised rate of 16.5 per cent in local currency terms and a modest 11.5 per cent in US dollar terms
The change in their stance, analysts said, stems from the hope that the global central banks, especially US Fed may go soft on rate hikes as inflation cools off over the next few months.
As inflationary pressures unbind, corporate earnings growth will draw level, says Vinit Sambre, head-equities, DSP Investment Managers
Decision comes after requests from foreign players; scope of existing licence was restrictive, say primary dealers
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In Europe, over 30 million people in Germany, France, the UK, Spain, and Italy have applied for state support, while first quarter 2020 data indicates that the eurozone economy contracted by 3.8%
In the previous month, FPIs had withdrawn a record amount of over Rs 1.1 trillion on a net basis from the Indian markets
This is also the highest withdrawal ever since the FPI data was made available on National Securities Depository Ltd.
The tax rate for dividends in the hands of foreign portfolio investors is now 20 per cent, in addition to surcharge and cess. Dividends paid to DR holders, on the other hand, are taxable at 10%
In her second Budget presentation, the finance minister said certain government securities will be open for foreign investors
While debt is an important source of funds for the Indian economy, investors - especially foreign investors - have to navigate through various complexities associated with taxation of debt investment
The single-window system is likely to have representatives from both the Centre and state governments, the official said
Foreign portfolio investors withdrew a net amount of Rs 5,577.99 crore from equities while infusing Rs 1,384.81 crore into the debt segment
An analysis of indices tracking liquidity in major markets shows conditions remain benign
According to Securities and Exchange Board of India annual report, eligibility norms for FPIs were relaxed and data privacy concerns of FPIs were addressed
There are over 80 companies where FIIs have continuously increased their holding in the last four quarters, and around 30 firms where they have raised their holding by 50 per cent.
Prior to this, FPIs withdrew a net Rs 2,985.88 crore from the Indian capital markets (both equity and debt) during July 1-31
The Centre ruled out a rollback of the "super-rich" tax on FPIs, organised as trusts or association of persons, last week