FPIs take out Rs 24,700 cr from equities on rising US bond y

Foreign Portfolio Investors (FPIs) have dumped Indian equities worth Rs 24,700 crore so far this month, owing to surging bond yield in the US. On the other hand, they are bullish on the debt market and infused Rs 17,120 crore in the debt market during the period under review, data with the depositories showed.

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