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Below is quote on FPI By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

As per NSDL data, FPIs have bought equity for Rs 6254 crores through the exchange up to 30th December. The total FPI sell figure through the exchange for CY 2022 is Rs 146048 crores. But FPIs have invested Rs 24608 crores through the primary market in 2023. This takes the net capital outflows to Rs 121439 crores. (All are NSDL data). The main trigger for the FPI net selling in 2022 is the rising interest rates in US and INR depreciation. Now it appears that the dollar has bottomed out. The dollar index is now below 104 from its recent peak of 114. If this trend sustains. FPIs are likely to turn buyers in India in 2023.

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