Foreign investors invest over Rs 3,346 crore in Indian stock markets this week

New -Delhi, June 14 (IANS). Investors’ trust was strengthened after the Reserve Bank of India (RBI) lowered interest rates, and with this, foreign portfolio investors (FPIs) invested Rs 3,346.94 crore in Indian stock markets this week. According to data from National Securities Depository Limited (NSDL), FPI was an active buyer in the Indian stock market from June 9 to June 13, the first three sessions of the week. The positive atmosphere in the market was mainly associated with the decision to reduce the RBI repo rate to 5.5 percent from 50 basis points to 5.5 percent, which many people considered a clear indication of the support of economic growth and the improvement of the liquidity in the market. Market experts believe that this incredible deduction in interest rates has played a major role in attracting foreign investment as it reflects the central bank’s pro -development approach. The Monetary Policy Committee (MPC) decision was welcomed by investors on June 6. Investors consider it an important step taken in time to strengthen the economy and improve corporate income. While world factors are still affecting market activities, on the other hand, India remains an attractive destination for foreign investment because of its strong basic things, policy support and growing economy. Foreign investors invested R1,860 in the Indian stock market in the Indian stock market in May, making it the best month of the year for foreign investment. Meanwhile, according to market analysts, the Indian stock market is seen varying this week and ended on the last work day at the red point. Although the beginning of the week was positive due to progress in US China trade negotiations, this optimism soon ended after Israel’s attack on Iran’s nuclear sites. The incident created a wave of vigilance among world investors, which led them to safe assets such as gold and US bonds. Oil prices have also rolled over $ 76 a barrel, which has broken the stability of months, as new concerns about the supply disruption. -Ians skt/