FPIs pour in Rs 1,624 cr in Jan so far as US-China deal boosts sentiment

The latest investments came despite challenges such as enhanced geopolitical tension between the US and Iran and dwindling domestic economic growth

Foreign portfolio investors (FPI) have infused a net sum of Rs 1,624 crore into the Indian capital markets in January so far, buoyed by the signing of the first phase of the US-China trade deal.

According to the latest depositories data, FPIs invested a net Rs 13,304 crore in equities and withdrew a net Rs 11,680 crore from the debt segment between January 1-24. This translates into a total net inflow of Rs 1,624 crore.

"After starting the year on a muted note, investments from FPIs has picked up pace and most of that flows came after US and China