About 2.1 per cent or Rs 7,581 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about nine months after the deadline to deposit or exchange them at bank branches was over.
The Foreign Portfolio Investors (FPIs) significantly increased their investments in the Indian stock markets in the last week of June, according to data from the National Securities Depository Limited (NSDL).
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This is a significant shift from the USD 8.7 billion deficit (1.0 per cent of GDP) reported in the third quarter, and a notable improvement compared to the USD 1.3 billion deficit (0.2 per cent of GDP) in the fourth quarter of the previous fiscal year.
This growth translates to an absolute expansion of Rs 26.6 lakh crore since March 2023, reaching a total outstanding credit of Rs 164.3 lakh crore as of March 31, 2024.
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According to the NSDL (National Securities Depository Limited) website, FPIs have offloaded equities worth over Rs 14,794 crore in the equity markets so far this month. This follows a similar trend from last month when foreign investors were also net sellers, leading to heightened volatility
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