New Delhi, April 25 : India recorded a net inflow of $106 million in the latest week, which is the first positive weekly flow in seven weeks, a report has said.

According to a report by Elara Capital, the inflow came after cumulative outflows of nearly $5 billion over the previous six weeks, indicating a gradual easing of selling pressure from India-focussed funds.

Moreover, weekly outflows from such funds declined sharply from a peak of $1.2 billion to about $180 million, it said.

Meanwhile, exchange-traded funds (ETFs) led the recovery, attracting inflows of $220 million during the week, while long-only funds continued to see outflows of around $400 million.

Notably, US-domiciled funds, which had been a major source of selling in recent weeks, recorded inflows of $225 million after witnessing seven consecutive weeks of outflows totalling $3.3 billion.

Despite the improvement, India-dedicated strategies have continued to see outflows for nine straight weeks.

Additionally, liquidity conditions remained supportive for the fourth consecutive week globally, with steady inflows into major fund categories.

US equity funds saw inflows ranging between $10 billion and $22 billion per week over the past month, while global-mandated funds attracted $16 billion, according to the report.

Global Emerging Market (GEM) funds continued to draw inflows of up to 2 billion weekly, and emerging market growth funds saw inflows of $1.4 billion.

In contrast, Europe and China have continued to witness outflows over the past five weeks, highlighting divergent regional trends.

Flows into commodity-related equity funds have softened following strong gains during the period of heightened geopolitical tensions.

In addition, energy equity funds saw moderating outflows, while gold inflows stabilised at a slower pace. However, silver-related flows remained weak.

/IANS