Business StandardCenter·
FPIs withdraw ₹20,974 crore from equities in Sep amid global uncertainty
Foreign Portfolio Investors (FPIs) have turned cautious again, pulling out Rs 20,974 crore from Indian equities so far in September amid global uncertainties, higher US interest rates and bond yields, elevated crude oil prices and a weakening rupee. The latest outflow comes after foreign investors returned to Indian equities in July and August, when they invested Rs 20,200 crore and Rs 29,630 crore, respectively, according to data from CDSL. With the September selling, FPIs have now withdrawn a…
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