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    FIIs flock to Indian stocks with $2.37 billion inflows in Feb

    FIIs flock to Indian stocks with $2.37 billion inflows in Feb

    FIIs flock to Indian stocks with $2.37 billion inflows in Feb
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    By CNBC-TV18  IST (Updated)

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    After months of aggressive selling, foreign institutional investors (FIIs) have finally returned to the Indian equities amid expectations of a rate cut by the Reserve Bank of India.

    After months of aggressive selling, foreign institutional investors (FIIs) have finally returned to the Indian equities amid expectations of a rate cut by the Reserve Bank of India.
    As per the Securities and Exchange Board of India’s (SEBI) data, FIIs bought $2.37 billion worth of equity in February, the biggest purchase since November 2017, reported Mint.
    The recent buying by the FIIs is underpinned by hopes of a rate cut by the central bank in its next monetary policy committee (MPC) meeting. FIIs are expecting a rate cut due to the economic slowdown, Mint said.
    The economic growth slowed to a five-quarter low of 6.6 percent in the December quarter from 7.7 percent a quarter earlier.
    "The sentiment of FIIs seem to be turning towards finding more growth opportunities in India because our market has outperformed emerging market space by 15-20 percent and China by 25 percent this CY19", said Emkay Global Financial Services.
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