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Foreign investors snap up India stocks while fleeing most EMs in August

Business Standard


By Ashutosh Joshi


Indian equities stood out in August as foreign investors sold stocks in almost every other Asian emerging market, thanks to the nation’s strong corporate earnings performance and its growing appeal as an alternative to China.


Global funds purchased $1.6 billion of Indian shares on a net basis last month through Aug. 30, according to the latest exchange data compiled by Bloomberg. That’s even as they withdrew a…


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