FPIs invest Rs 13,424 cr in June so far as Covid-19 cases decline

FPIs withdrew Rs 2,096 crore from the debt segment during the period under review

Overseas investors pumped in a net Rs 13,424 crore so far in June as risk-on sentiment improved with declining Covid-19 cases and hopes of early opening of economy.

Depositories data showed that foreign portfolio investors (FPIs) invested Rs 15,520 crore in equities during June 1-11.

"The robust net inflows over the last two weeks could be attributed to the improvement in investor sentiments on the back of consistently falling coronavirus cases in the country and hopes of an early opening of the economy," said Himanshu Srivastava, associate director - manager research, Morningstar India.

At the same time, FPIs withdrew Rs