Foreign portfolio investors (FPIs) reversed a four-month selling trend in July by turning net buyers of Indian equities, with an inflow of Rs 15,157 crore. This positive shift was supported by favorable domestic macroeconomic trends and an improved global risk environment. Additionally, the Indian debt market attracted significant foreign investments, aided by recent changes in debt taxation that enhanced its appeal. The continuation of these inflows will depend on global economic developments and the pace of India's economic growth. This marks a notable change in foreign investment patterns after several months of outflows. In July, foreign investors turned net buyers of Indian equities following a period of large outflows, prompted by favorable domestic macroeconomic trends and improved global risk sentiment.