FPI selling continues amid geopolitical tensions and rupee decline
after close1 source ↓written by the desknot a recommendation
Foreign portfolio investors (FPIs) recorded net outflows of ₹12,462.74 cr on 16 Mar, with equities alone seeing a net outflow of ₹10,827.45 cr. This trend persisted on 17 Mar, totaling net outflows of ₹10,018.31 cr, driven by ongoing geopolitical tensions and a depreciating rupee. 📉
Key Points:
• Equity net outflow: ₹9,406.78 cr
• Debt net outflows: ₹1,494.06 cr in FAR and ₹134.48 cr in VRR
• Risk-off sentiment remains prevalent globally.
Not investment advice. For informational purposes only.