CURRENT AFFAIRS

Detailed explanation-1: -As per the National Securities Depository, which country was the highest source of foreign portfolio investment (FPI) in India in FY23? Explanation: The United States was the highest source of foreign portfolio investment (FPI) in India in FY23, as per the National Securities Depository.

Detailed explanation-2: -Examples of foreign portfolio investments include stocks, bonds, mutual funds, exchange traded funds, American depositary receipts (ADRs), and global depositary receipts (GDRs). Foreign direct investment (FDI) refers to investments made by an individual or firm in one country in a business located in another country.

Detailed explanation-3: -Foreign portfolio investment (FPI) involves holding financial assets from a country outside of the investor’s own. FPI holdings can include stocks, ADRs, GDRs, bonds, mutual funds, and exchange traded funds.