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Under the proposed mechanism, the regulator has suggested creating a unique UPI address for registered market intermediaries, making it easier for investors to confirm that they are paying only registered entities. The proposed UPI payment limit for capital market transactions is set to 5 lakh per day, higher than the current 2 lakh limit. This will be evaluated periodically in consultation with National Payments Corporation of India (NPCI).
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At 81,903.7 crore ($9,491.6 million), FPI outflow in January was the highest since last October which recorded the highest monthly outflow of 1.1 lakh crore ($13,556 million), according to data from NSDL. In the primary market, net investment by FPIs slowed to 3,877 crore ($448.7 million), the lowest in seven months owing to slower activity in the IPO segment during January amid weakness in the broader market.
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Money managers and analysts are betting on investors shifting money out of industrials to consumer-oriented stocks in consumer goods, consumer discretionary and automobile sectors in the foreseeable future,
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News and Media
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