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Foreign funds flow (March 2024)
April 2 , 2024
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- India has beaten rest of the Asian markets by attracting the highest foreign funds flow in March.
- Foreign Institutional Investors (FIIs) pumped $3.63 billion into Indian equities in their biggest buying binge since December 2023.
- The Domestic institutions continues to be net buyers, investing around Rs 52,467 crore in the market to hit a four-year high.
- Outside India, South Korea, Taiwan and Indonesia were the investment destinations for FIIs
- While they chose to pull out money from markets in Japan, Malaysia, the Philippines, Thailand, Vietnam and Sri Lanka.
- South Korea received inflows of $2.91 billion, Taiwan $1.14 billion and Indonesia $585 million.
- The Japanese market recorded the biggest FII outflow of $5.35 billion.
- It is followed by Thailand and Malaysia at $1.13 billion and $514 million.
- In Vietnam, the outflow reached $197 million, and $40 million in the Philippines.
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