Foreign investors bought shares worth 3,347 crore, know what is the reason

Foreign portfolio investors (FPIs) have made strong purchases in the Indian stock market last week. According to data from the National Securities Depository Limited (NSDL), FPIS has bought shares worth Rs 3,346.94 crore in a period from 9 to 13 June. This investment is the result of positive investor confidence increased after the Reserve Bank of India (RBI) cut interest rates. In this month, pure selling has been seen by foreign investors in total so far.