FPI returns decline amid tepid earnings and rupee depreciation
pre-market1 source ↓written by the desknot a recommendation
- in outflows
- $39.94 billion
- over the past
- 13.41% negative return
- Nifty slipped
- 4%
- 23,719.30
Foreign portfolio investors (FPIs) have faced $39.94 billion in outflows from Indian markets due to lacklustre earnings and a steep rupee depreciation. The Nifty 50 USD index has seen a 13.41% negative return over the past year, while the Nifty slipped nearly 4% to 23,719.30. Elevated crude oil prices amid geopolitical tensions may exacerbate this trend.
Not investment advice. For informational purposes only.