FPIs withdraw ₹20,974 crore from equities in September
after close1 source ↓written by the desknot a recommendation
- from Indian equities
- ₹20,974 crore
- after inflows
- ₹20,200 crore
- in July
- ₹29,630 crore
- have pulled
- ₹2.45 lakh crore
- total outflow
- ₹1.66 lakh crore
Foreign Portfolio Investors (FPIs) have withdrawn ₹20,974 crore from Indian equities in September amid global uncertainties and rising US interest rates. This marks a significant shift after inflows of ₹20,200 crore and ₹29,630 crore in July and August, respectively. Year-to-date, FPIs have pulled out ₹2.45 lakh crore, exceeding last year's total outflow of ₹1.66 lakh crore.
The cautious stance reflects concerns over elevated crude oil prices and a weakening rupee, impacting market sentiment.
Not investment advice. For informational purposes only.