FPIs withdraw Rs 20,300 cr from equities in Oct; invest Rs 6,080 cr in debt
According to the data with the depositories, Foreign Portfolio Investors (FPIs) sold shares to the tune of Rs 20,356 crore this month.
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According to the data with the depositories, Foreign Portfolio Investors (FPIs) sold shares to the tune of Rs 20,356 crore this month.
In the short term, FPIs are expected to remain cautious amid global uncertainty and increasing US interest rates.
Geopolitical tensions tend to elevate risk that typically hurts foreign capital inflows into emerging markets like India
However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused over Rs 5,700 crore into the debt market during the period under review, data with the depositories showed.
Due to rising US bond yields and uncertainty stemming from the Israel-Hamas conflict, foreign investors withdrew around Rs 9,800 crore from Indian equities this month. In September, Foreign Portfolio Investors (FPIs) became net sellers, pulling out Rs 14,767 crore.