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NEW DELHI: Foreign portfolio investors have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks.
Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.7 lakh crore during the period.
The latest outflow came after FPI investment in equities hit a four-month low of Rs 12,262 crore in August. FPI flows have displayed a subdued pattern over the past few weeks. This hesitancy among investors can be attributed to growing apprehensions about inflation and the interest rate landscape, Himanshu Srivastava of Morningstar India said.
Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.7 lakh crore during the period.
The latest outflow came after FPI investment in equities hit a four-month low of Rs 12,262 crore in August. FPI flows have displayed a subdued pattern over the past few weeks. This hesitancy among investors can be attributed to growing apprehensions about inflation and the interest rate landscape, Himanshu Srivastava of Morningstar India said.
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