Foreign portfolio investors (FPIs) pumped Rs 3,346.94 crore into Indian stock markets this week, boosted by positive sentiment after the Reserve Bank of India (RBI) announced a rate cut, according to data from the National Securities Depository Limited (NSDL).

The rate cut by the RBI supported investor confidence and led to strong FPI inflows for the first three trading sessions of the week from June 9 to June 13. However, geopolitical tensions between Israel and Iran weighed on investor mood toward the end of the week.

On the last trading day of the week, Friday, FPIs pulled out a significant Rs 3,275.76 crore from Indian equities. This large outflow reduced the net investment figure for the week to Rs 3,346.94 crore.