India-Mauritius tax treaty: FPIs withdraw Rs 8,600 crore from equities in April
Apart from equities, FPIs withdrew Rs 10,949 crore from the debt market during the month under review.
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Apart from equities, FPIs withdrew Rs 10,949 crore from the debt market during the month under review.
After 2 straight months of inflows, foreign portfolio investors (FPIs) turned sellers in April. FPIs sold Indian equities worth ₹8,671 crore during the month on the back of a rise in US bond yields and higher crude oil prices.
In seven of the total 12 trading sessions in April, there were huge outflows by foreign investors in debt.
Higher US Treasury yields and the rupee slipping to record lows have led to some position unwinding by foreign investors, who have sold nearly $1.3 billion of government bonds in April.
In four trading sessions, Foreign Portfolio Investors (FPIs) offloaded Indian equities worth ₹20,000 crore as US bond yields climbed on expectations of the US Fed maintaining a tighter monetary policy, driven by a surge in March inflation figures and robust retail sales data.