FPI equity inflow in India world's 3rd highest in 2016
Foreign portfolio investors (FPIs) have bought equities worth $5.4 billion in the Indian markets in 2016 so far, according to data obtained from Bloomberg. This reportedly makes India the third biggest destination for FPIs after Taiwan and South Korea, which saw inflows of $13.6 billion and $8.1 billion respectively. Thailand stood fourth with foreign inflows of $3 billion.