FPIs withdraw Rs 6,400 cr from equity markets in May so far - Jammu Kashmir Latest News | Tourism
New Delhi, May 8: Foreign investors have pulled over Rs 6,400 crore from the Indian equity market in the first four trading sessions of the ongoing month when the Reserve Bank of India (RBI) and US Federal Reserve raised interest rates. Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs’ flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head – Equity Research (Retail), Kotak Securities, said. Foreign […]