After $30 Billion Exodus, Global Money Trickles Back Into India
- Foreign funds on track for first weekly net buying since April
- Drop in oil prices, dollar weakness helping improve sentiment
The Bombay Stock Exchange (BSE) building in Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Foreign funds are showing signs of a return to Indian equities as recent declines in oil prices and the dollar bring some reprieve for emerging markets.
Overseas investors have bought a net $1 billion of local stocks in the first three days of this week, according to the latest available exchange data compiled by Bloomberg. That puts them on course for the first weekly purchases since April. They dumped almost $30 billion of shares in the year through last Friday.