Foreign portfolio investment (FPI) in domestic equities has turned positive for the year. Sustained flows over the past four months have helped erase the deficit caused by record selling in March and April.
Currently, FPI flows into equities on a year-to-date basis stand at $230 million. Overseas flows into the debt segment, however, are still negative at $14.6 billion.
FPI investment has ebbed and flowed so far this year, which started on a positive note with over $3.5 billion coming in during the initial month and a half, helping the benchmark indices sustain near their record highs.
However, the coronavirus-induced selloff saw overseas