Finance
Foreign investors buy ₹12,563 crore of Indian shares in a day; rupee firms to 93.70, its strongest since April
FPIs have bought about $6.4 billion of Indian equities so far in November, the most in a month since September 2024.
In short
₹12,563 Crnet FII buying on 11 November
- FII net buying (11 Nov): ₹12,563 crore
- Rupee: 93.70 per dollar
- Record low: 96.96 (20 May)
The flows
Provisional data show foreign institutional investors bought a net ₹12,563 crore of Indian shares on 11 November, while domestic institutions sold a net ₹8,435 crore. Business Today says FPIs have bought about $6.4 billion of Indian equities this month up to 11 November.
The rupee
The rupee rose 7 paise to a provisional 93.70 per dollar, its strongest close since April and more than 3% above its 20 May record low of 96.96. Lower oil prices earlier this week helped, though a strong dollar limited gains. Forecasts differ: GTRI expects 92–93, while Axis Bank sees 100 by June 2027.
