FPIs withdraw ₹52,704 crore from Indian equities
pre-market1 source ↓written by the desknot a recommendation
- approximately
- ₹52,704 crore
Foreign portfolio investors (FPIs) pulled out ₹52,704 crore (approximately USD 5.73 billion) from Indian equities in the first half of March due to escalating tensions in West Asia and rising crude oil prices. This follows a net inflow of ₹22,615 crore in February, marking a significant reversal in sentiment. FPIs have been net sellers throughout March, reflecting ongoing geopolitical concerns and the depreciation of the rupee.
Not investment advice. For informational purposes only.