FPIs withdraw ₹13,000 cr from Indian markets in a week
after close1 source ↓written by the desknot a recommendation
- from Indian markets
- ₹12,941 cr
- the week ending
- 12 Dec 2023
- pulled from equities
- ₹6,135 cr
- from debt markets
- ₹6,891 cr
- 10 Dec
Foreign Portfolio Investors (FPIs) withdrew ₹12,941 cr from Indian markets in the week ending 12 Dec 2023. This outflow was driven by a weaker rupee and high US interest rates, with ₹6,135 cr pulled from equities and ₹6,891 cr from debt markets. On 10 Dec, FPIs withdrew ₹5,386 cr in a single day, reflecting a cautious global risk environment.
The sharp depreciation of the rupee, trading between ₹89.88-90.37 per US dollar, has further impacted investor sentiment, leading to expectations of volatile FPI flows ahead.
Not investment advice. For informational purposes only.