After pulling out $5.6 billion equities and $2.4 billion from the debt market between August and September, foreign institutional investors (FIIs) have turned buoyant in November. So far this month, FIIs have invested around $750 million, each, in equities and debt market. Not just India, most other emerging markets (EMs) have seen improvement in FII flows.
The latest risk on sentiment among global fund managers is triggered by a retreat in the US Treasury and the dollar, observe analysts. Market players are hoping that the geo-political turmoil and global growth concerns will force the US Federal Reserve to pause its policy