Is the FII (Foreign Institutional Investors) trend changing? For the first time since last June, FIIs are net buyers in Indian equities so far in February. Though they are net buyers of equities worth just Rs 2,645 crore, the changing world dynamics is what is making many market observers excited. The key factor to consider is whether this is the beginning of something bigger or just a blip? Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments pointed out that, “There has been a discernible change in FII flows in February, so far. Of the last four trading sessions, FIIs were net buyers in three sessions. An important factor that changed the market sentiment was the appreciation in rupee from a record low of 91.72 to 90.30 to the dollar.”