After withdrawing money on a net basis for the past three months, foreign portfolio investors (FPIs) have turned buyers with a Rs 6,480 crore investment in October so far, driven by strong macroeconomic factors.

The development comes after persistent outflows in recent times, with FPIs pulling out Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs 17,700 crore in July, data from depositories showed.

The renewed inflow in October marks a significant shift in sentiment and reflects fresh confidence among global investors towards Indian markets.

Several key drivers underpin this reversal.

According to Himanshu Srivastava, Principal, Manager Research, Morningstar Investment Research India, India’s macro backdrop remains relatively strong among emerging markets, with stable gro

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