By Ashley Coutinho Foreign portfolio investors (FPIs) pumped in $6.4 billion in August, the highest in the last 20 months, as investors bet that a weak US economy would slow the pace of monetary tightening by the US Federal Reserve. “Clearly, India seems to be enjoying the TINA (there is no alternative) factor as globally, all countries are facing the churn and India seems to be the best placed jurisdiction in terms of growth and inflation outlook in FY23,” a note by State Bank of India’s research wing said. Also read: Sensex, Nifty soar 2.5% in broad-based rally; here’s what …
