Foreign Investors Pull Back: Indian Equities Face Caution Amid High Valuations
In August 2024, Foreign Portfolio Investors (FPIs) invested Rs 7,320 crore in Indian equities, a notable decrease compared to previous months. This cautious approach was largely influenced by high stock valuations and the unwinding of the Yen carry trade, following the Bank of Japan’s interest rate hike. Despite ongoing interest in September, FPI flows will ...